Aker Solutions wins Svalin Umbilical Deal

(Press Release)
Monday, April 23, 2012
Aker Solutions has been awarded a contract by Subsea 7 for the design and fabrication of a control umbilical for Statoil's Svalin C project on the Norwegian continental shelf. Contract value is undisclosed. Scope of work includes a six kilometre long control umbilical, connectors, engineering and project management.
"We are very pleased to be awarded another contract on the Norwegian continental shelf and look forward to supporting Subsea 7 with this Statoil fast-track project," says Tove Røskaft, executive vice president of Aker Solutions' umbilical business.
Management, engineering and procurement of the umbilical will be performed at Aker Solutions' headquarters in Fornebu, Norway. Manufacturing will take place in Moss, Norway. Svalin is a fast-track oil field project located in the middle part of the North Sea, about eight kilometres southwest of the Grane field and 185 kilometres west of Haugesund. The water depth is approximately 120 metres.
In December 2011, Statoil awarded Aker Solutions the contract for engineering, procurement and construction of the subsea production system for the Svalin project. The contract value was approximately NOK 400 million.
Subsea umbilicals are deployed on the seabed to supply necessary controls and chemicals to subsea oil and gas wells, subsea manifolds and any subsea system requiring a remote control. The Svalin umbilical will be delivered in Q2 2013.
Aker Solutions' contract party is Aker Subsea AS.
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