Aker Solutions Wins Troll B Modifications Contract

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Aker Solutions Wins Troll B Modifications Contract

Aker Solutions secured a contract from Statoil to deliver a compression module for the Troll field in the North Sea to help boost output at one of Norway’s key offshore fields.

The contract is valued at NOK 370 million and is an option in a front end engineering and design (FEED) agreement awarded to Aker Solutions in January. The scope is for engineering, procurement, construction and installation (EPCI) to boost the gas treatment capacity at Troll B to increase oil recovery. Aker Solutions has worked closely with the customer to find cost-efficient solutions.

“This project has targeted key cost savings to create the sustainability the industry depends on and is looking for during these challenging times,” said Knut Sandvik, head of Aker Solutions’ maintenance, modifications and operations business.

The engineering work will be carried out by Aker Solutions in Bergen and module construction will start at the company’s yard in Egersund in 2017. The module will be delivered in the third quarter of 2018.

The contract will be booked as part of Aker Solutions’ third-quarter order intake.

Aker Solutions, Det norske and Subsea 7 Form Development Alliance in Norway

Aker Solutions, Det norske oljeselskap and Subsea 7 agreed on a “one for all, all for one” collaboration model that marks a major shift in how an operator and its suppliers can work together on oil and gas developments offshore Norway.

The alliance combines Det norske’s exploration and production know-how with Aker Solutions’ expertise in front end engineering, brownfield modifications and subsea systems and Subsea 7’s capabilities in the engineering, procurement, installation and commissioning of subsea umbilicals, risers and flowlines (SURF).

It will enable the operator and suppliers to work as one integrated team to find the most cost-effective solutions for developing Det norske’s Norwegian subsea field portfolio. Before now, field developments have typically been managed on a project-by-project basis that curtails reuse of technology and solutions.

Source: www.akersolutions.com

Moving Abroad Checklist

Initial Considerations

Will your partner be travelling with you?

If so, what will they be giving up in your present home and will they be able to continue with their career in your new home? You will need to check whether a separate visa is required for your partner to work or if your visa gives that right. If they are unable to work you will need to decide on the effect on your finances and what alternatives are available to give a fulfilling life (home business, training, voluntary work).

Are you taking family with you?

Moving with family raises many exciting opportunities, but also can create challenges. The HSBC Expat Explorer survey indicates that expat kids can take six months to settle in to their new country (see article). Getting young or even older children to prepare to move and leave their friends and family behind can be a challenge and should be thought through.

The options for education is another area that needs to be thought through.

Moving your child to a new country with a different education system can be a great opportunity to broaden their experience, but if they are close to key exams the timing can make this inadvisable. If you do take your family with you, it is important to decide between joining the local school system or choosing an international school.

Where will you be living?

Whether you will be living in a house or apartment, furnished or unfurnished, these decisions will affect what you need to take with you. The time you are planning to live overseas will also affect whether you should leave your property at home empty, rent it out or sell it. See the article Sell, Store or Ship.