Aker Wins Statoil Subsea Trees Contract
Aker Solutions to supply Statoil (STO) with subsea trees & control modules for the Visund Field on the Norwegian continental shelf.
The contract is for the supply of five subsea trees and eleven control modules, and is valued at aproximately NOK 300-million.
Visund is an oil and gas field located 22 kilometres north-east of the Gullfaks field in the Tampen area of the Norwegian North Sea. The field came on stream in the spring of 1999.
The five subsea trees for the Visund field will be equipped with Aker Solutions (AKSO.OL)' most advanced subsea technology. This technology enables oil and gas production from intelligent wells which provides higher oil and gas recovery and more reservoir data.
The Visund trees will be manufactured at Aker Solutions' facility in Tranby, Norway, while the control modules will be manufactured at their Aberdeen facility in the UK.
A subsea tree is a key technology enabling oil and gas production directly from a subsea well to a processing facility. The tree is essentially an advanced set of valves and is used together with associated technologies to control the well flow. The control system manages and regulates the behaviour of subsea equipment.