Norway: Aker to Sign EPCI Contract for Gudrun tie-in to Sleipner Worth $144 million
- Business & Finance
Aker Solutions has received a Letter of Intent for Sleipner Modifications Portfolio Agreement and the first project specific agreements herein; engineering, procurement, construction and installation (EPCI) for the Gudrun tie-in to Sleipner. This specific order will be worth approximately NOK 900 million ($144M).
The contract in question is expected to be formalised within the next few weeks. Further information will be given when final contract is awarded, at which time the contract will be added to the order backlog of the Energy Development & Services (ED&S) business area.
Aker Solutions ASA, through its subsidiaries and affiliates, 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 54 billion and employs approximately 22 000 people in about 30 countries.
The Sleipner gas field is a natural gas field in the North Sea, about 250 kilometres (160 mi) west of Stavanger, Norway. Two parts of the field are in production, Sleipner West (proven in 1974), and Sleipner East (1981).The field produces natural gas and light oil condensates from sandstone structures about 2,500 metres (8,200 ft) below sea level. It is operated by Statoil. The field is named after the steed Sleipnir in Norse mythology.
The Gudrun field is located in the North Sea around 55 kilometres north of Sleipner. Recoverable oil and gas reserves are estimated at 11.2 million standard cubic metres of oil and 6.6 billion standard cubic metres of gas respectively.
Source: Akersolutions,July 14, 2010;