Aker Solutions in Troll B Win
- Business & Finance
Aker Solutions has 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.
“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 gas module is an important contribution to reaching the licensees’ IOR ambition for the Troll field. It will raise production capacity on Troll B and help us recover as much as possible of remaining resources during tale end production. From the module starts up in the autumn of 2018 until Troll B is shut down in 2025 it will increase recovery by around 4.7 million barrels of oil,” says Statoil’s project director Eric Normann Ulland.
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.