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Sunday, September 25, 2016

Aker Solutions Wins Major Contract in Malaysia

May 2, 2012

Aker Solutions has been awarded a contract by Murphy Sabah Oil for the delivery of a subsea production system for the Siakap North - Petai deepwater development. Contract value is undisclosed.


The scope of work includes 13 subsea trees, eight manifolds, well jumpers, engineering for topside controls and lifecycle support services. The first hardware delivery is scheduled for Q1 2013.


Dave Hutchinson, president of Aker Solutions (AKSO.OL)' subsea business in the Asia Pacific region says: "We have been working closely with Murphy for many years and are very pleased to be their selected subsea partner for this important contract. Malaysia's oil and gas industry is a key market for Aker Solutions, and we are well positioned in the Asia Pacific region with a strong manufacturing capacity and dedicated workforce. We look forward to working on the Siakap North - Petai development together with Murphy."


In 2005, Aker Solutions was awarded a contract for Murphy's Kikeh deepwater development, which came on stream in 2007. Aker Solutions was also awarded the Kikeh subsea extension project in 2011.


The contract will be delivered out of Aker Solutions' high-tech subsea manufacturing centre in Port Klang, Malaysia. Siakap North - Petai is located offshore Sabah, Malaysia, in a water depth of 1400 metres. The subsea production system will be tied back to Murphy's Kikeh floating production storage and offloading vessel.


Aker Solutions is preparing for major growth by investing NOK 500 million (USD 87 million) in its subsea business. This investment is set to double the capacity of its manufacturing plants in Tranby, Norway, and Port Klang, Malaysia. In addition, a new service base will also be established in Malaysia.



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