Aker Solutions Wins Kristin LPP Modification Contract
Aker Solutions has won a contract to build and install a new compressor module on the Statoil (STO)-operated Kristin platform in the Norwegian Sea. The contract value is approximately $151m.
The purpose of the modification is to increase recovery from the field and accelerate production by adapting the platform to changes in reservoir pressure. Work starts immediately, with a scheduled delivery in Q1 2014.
"We are very pleased to win the Kristin LPP contract. This project is in line with our strategy to be the preferred life-of-field partner through assisting our customers in executing their increased recovery projects," said president for maintenance, modifications and operations in Aker Solutions (AKSO.OL), Stian Vemmestad.
Aker Solutions has previously carried out front-end engineering design (FEED) for the Kristin LPP modification. The project will be managed from Aker Solutions' offices in Bergen and executed as a joint effort between Aker Solutions in Bergen, Trondheim and Egersund.