Aker Solutions, Petrobras Pen $800 Mln Subsea Systems Contract

Aker Solutions to Supply Petrobras Pre-Salt Fields with $800 Mln Worth of Equipment

Norway’s Aker Solutions has entered a frame agreement with Brazil’s state-run oil company Petrobras to provide subsea equipment for the oil company’s deepwater pre-salt field developments in Brazil. The contract value is approximately NOK 4.6 billion (USD 800 million).

Scope of work includes 20 well-sets with vertical subsea trees, subsea control systems, tools and spares within the 2013-2015 period.

The contract is a call-off from a frame agreement signed in April 2010, when Petrobras ordered subsea production equipment for the Sapinhoá and Lula Nordeste fields, located 300 kilometres off the São Paulo coast in the Santos Basin offshore Brazil.

Aker Solutions has delivered the first well-sets for the frame agreement signed in 2010. Technology that was developed for this contract will be utilised in the new order.

“Aker Solutions has market leading deepwater technology and extensive experience from pre-salt field developments in Brazil. This contract reflects our long term commitment to support Petrobras in the development of the Brazilian deepwater fields,” says Alan Brunnen, head of Aker Solutions’ subsea business area.

Aker Solutions has provided subsea production equipment for all the three initial field developments of the Brazilian pre-salt area.

Currently, the company employs 1400 people in Brazil within several business areas. In addition to being a market leader in the pre-salt area for subsea equipment and services, Aker Solutions delivers downstream and topsides process technology, offshore mooring and loading systems, deepwater drilling systems, and subsea intervention services.

The subsea equipment for the Sapinhoá and Lula Nordeste fields will be engineered and manufactured at Aker Solutions’ subsea technology centre in Curitiba, the capital and largest city of the Brazilian state of Paraná in the southern part of Brazil.

Press Release, March 27, 2013