Aker Awarded FEED Contract

Wednesday, September 30, 2009

StatoilHydro has awarded Aker Solutions a front end engineering design (FEED) study for upgrading the Gullfaks A drilling facilities. The drilling upgrade is expected to extend the productive lifetime of Gullfaks A. Contract value is estimated to be approximately $8.6m.

Scope of work for the FEED study includes new equipment to increase drilling capacity and modification of existing installations offshore. The study will consider the possibility to upgrade the drilling capacity to reach 10 kilometers, including heavy lifting to install a new derrick. The FEED will also include improvement of environment, health and safety (HSE) upgrading for the equipment to be better suited for the increased longitude. The object is to install top modern equipment and automated offshore installation.

Work under the contract starts immediately and the FEED will be completed in April 2010.

The FEED Study will be performed by the Aker Solutions' drilling equipment business hub in Kristiansand together with the company's centre of maintenance and modification expertise based in Bergen. The contract party is Aker Solutions' subsidiary Aker Offshore Partner AS.

In March, Aker Solutions was awarded the engineering, procurement, construction and installation (EPCI) contract for upgrading the drilling facilities on the Oseberg B platform. This was the first significant drilling upgrade contract to be awarded on the Norwegian Continental Shelf.

(www.akersolutions.com)