Israel: Aker Solutions Wins Another Subsea Equipment Contract with Noble Energy

Aker Solutions has been awarded another subsea equipment contract by leading US independent oil and gas company Noble Energy Inc. This time Aker Solutions will deliver subsea control equipment worth approximately NOK 150 million.

Scope of work is engineering, manufacturing and delivery of a subsea controls distribution system, umbilical termination assemblies (UTA) and related equipment. The equipment will be used at Noble Energy’s Tamar project in the Mediterranean Sea.

This contract complements the recently announced award for delivery of 240 km of subsea umbilicals for the same project. Aker Solutions has also recently signed a deal to supply a complete mono ethylene glycol (MEG) reclamation unit to Noble Energy.

Engineering and project management will be provided from Aker Solutions’ Houston, Texas, office. Manufacturing will take place at Aker Solutions’ facilities in Houston and Mobile, Alabama, for the UTAs and subsea controls distribution systems. Estimated delivery date is Q1 2011.

Aker Solutions’ contract party is Aker Subsea Inc.

Aker Solutions ASA, through its subsidiaries and affiliates (“Aker Solutions”), is a leading global provider of engineering and construction services, technology products and integrated solutions. Aker Solutions’ business serves several industries, including oil & gas, refining & chemicals, mining & metals and power generation. The Aker Solutions group is organised in a number of separate legal entities. Aker Solutions is used as the common brand/trademark for most of these entities.

Aker Solutions’ parent company is Aker Solutions ASA. Aker Solutions has aggregated annual revenues of approximately NOK 58 billion and employs approximately 22 000 people in about 30 countries.

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Source: Aker, June 18, 2010,