Static Steel Tube Umbilicals News

Aker Solutions signed a contract with ExxonMobil for the supply of subsea umbilicals for the Erha North phase two development in Nigeria. The Erha North phase two development is an extension of the existing Erha subsea system and infrastructure located approximately 97 kilometers offshore Nigeria in water depths between 1,000 and 1,200 meters. Aker Solutions' scope of work includes the delivery of two dynamic and two static steel tube umbilicals, at a total length of 16.5 kilometers. The umbilicals will be delivered in 2014.

Aker Solutions' agreement with Shell is for delivery of subsea umbilicals and cables globally. The size of the frame agreement is dependent on call-offs and the number of projects that Shell decides to execute. However, Aker Solutions estimates that the frame agreement could generate revenues between USD 200 and USD 400 million. Order intake will be booked whenever the specific contracts are signed. The Enterprise Framework Agreement (EFA) with Shell is signed for the duration of five years with an option for an additional five years. Aker Solutions will deliver dynamic and static steel tube umbilicals for both shallow and deepwater applications. The EFA has a global scope.