Aker Solutions Signs Alvheim Contract

(Press Release)
Thursday, December 27, 2012

Aker Solutions signed a contract with Marathon Oil Norge for the delivery of subsea trees to the Alvheim field on the Norwegian continental shelf. Contract value was not disclosed.

The contract includes the delivery of four subsea trees and associated equipment. The contract is part of the frame agreement, covering the North Sea and Europe, between Marathon Oil Norge, a wholly owned subsidiary of Marathon Oil Corporation, and Aker Solutions.

"Our dedicated subsea teams in Norway and the UK look forward to execute another project on behalf of Marathon. We are very pleased to continue this positive client relationship," says Knut Røsjorde, head of Aker Solutions' subsea operations in Norway and Africa.

The Alvheim field is located in the Norwegian sector of the North Sea, 224 km from Stavanger on the Norwegian west coast, at a water depth of 122 m. 

The Alvheim subsea trees will be manufactured at Aker Solutions' facility at Tranby, Norway. Control modules will be manufactured in Aberdeen, UK. The project is scheduled for completion in the first half of 2014.


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