Aker to Support Redevelopment of Landmark Subsea Field
Aker Solutions has secured a NOK 650 million (GBP (BP) 70 million) contract with BP to help redevelop one of the largest oil fields in the U.K. sector.
The Aberdeen operation of Aker Solutions (AKSO.OL) will manufacture and supply all subsea controls equipment for the Quad 204 project, the redevelopment of the Schiehallion and Loyal fields located approximately 100 miles west of the Shetland Islands.
The scope of work includes subsea controls equipment for subsea trees, manifolds and subsea safety isolation valves as well as controls distribution assemblies.
The Schiehallion and Loyal fields are estimated to contain a further 450 million barrels of recoverable oil and a GBP 3 billion upgrade is underway. Due to the water depth in the area, Schiehallion is entirely reliant on subsea production technology and is collected on a floating production, storage and offloading vessel (FPSO).
The deliverables will be managed, designed and built by Aker Solutions' subsea controls center of excellence in Aberdeen with the first deliveries made in the first half of 2014.