2 May 2012 - Aker Solutions has been awarded a contract by Murphy Sabah Oil for
the delivery of a subsea production system for the Siakap North - Petai
deepwater development. Contract value is undisclosed.
The scope of work includes 13 subsea trees, eight manifolds, well jumpers,
engineering for topside controls and lifecycle support services. The first
hardware delivery is scheduled for Q1 2013.
Dave Hutchinson, president of Aker Solutions' subsea business in the Asia
Pacific region says: "We have been working closely with Murphy for many years
and are very pleased to be their selected subsea partner for this important
contract. Malaysia's oil and gas industry is a key market for Aker Solutions,
and we are well positioned in the Asia Pacific region with a strong
manufacturing capacity and dedicated workforce. We look forward to working on
the Siakap North - Petai development together with Murphy."
In 2005, Aker Solutions was awarded a contract for Murphy's Kikeh deepwater
development, which came on stream in 2007. Aker Solutions was also awarded the
Kikeh subsea extension project in 2011.
The contract will be delivered out of Aker Solutions' high-tech subsea
manufacturing centre in Port Klang, Malaysia. Siakap North - Petai is located
offshore Sabah, Malaysia, in a water depth of 1400 metres. The subsea production
system will be tied back to Murphy's Kikeh floating production storage and
offloading vessel.
Aker Solutions is preparing for major growth by investing NOK 500 million (USD
87 million) in its subsea business. This investment is set to double the
capacity of its manufacturing plants in Tranby, Norway, and Port Klang,
Malaysia. In addition, a new service base will also be established in Malaysia.
ENDS
For further information, please contact:
Media:
Severin Roald, Vice President Communications, Aker Solutions. Tel:
+47 22 94 55 23, Mob: +47 92 03 00 33, E-mail: severin.roald@akersolutions.com
Investor relations:
Astrid Thommesen Sæbø, Vice President Investor Relations, Aker Solutions. Tel:
+47 22 94 63 37, Mob: +47 48 17 00 35, E-mail:
astrid.thommesen.saebo@akersolutions.com
Suppliers:
For further information about sourcing and potential subcontracts for this
project, please visit www.akersolutions.com/suppliers
Career opportunities:
Visit http://www.akersolutions.com/careers
Aker Solutions provides oilfield products, systems and services for customers in
the oil and gas industry world-wide. The company's knowledge and technologies
span from reservoir to production and through the life of a field.
Aker Solutions brings together engineering and technologies for oil and gas
drilling, field development and production. The company employs approximately
23 500 people in more than 30 countries. They apply the knowledge and create and
use technologies that deliver their customers' solutions.
Aker Solutions ASA is the parent company in the group, which consists of a
number of separate legal entities. Aker Solutions is used as the common brand
and trademark for most of these entities. In 2011 Aker Solutions had aggregated
annual revenues of approximately NOK 36.5 billion. The company is listed on the
Oslo Stock Exchange.
This press release may include forward-looking information or statements and is
subject to our disclaimer, see www.akersolutions.com.
This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Aker Solutions ASA via Thomson Reuters ONE
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