businesspress24.com - Large umbilical contract to Aker Solutions on Australian continental shelf
 

Large umbilical contract to Aker Solutions on Australian continental shelf

ID: 1012029

(Thomson Reuters ONE) -


26 March 2010 - Aker Solutions has signed a contract with Chevron Australia Pty
Ltd to supply subsea umbilicals and associated equipment for the Gorgon Project,
offshore Australia. Contract value is approximately NOK 550 million.

Aker Solutions will supply 264 kilometres of steel tube umbilicals to the Gorgon
Project, which will develop the Greater Gorgon Area gas fields, located about
130 kilometres off the north-west coast of Western Australia.

The steel tube umbilicals will connect the Gorgon Project's subsea production
system to an onshore liquefied natural gas (LNG) plant on Barrow Island, Western
Australia.

"This is one of the largest umbilical contracts ever awarded", says Tove
Roeskaft, senior vice president for umbilicals, Aker Solutions. "Australia has
several large offshore developments coming up and this contract will allow us to
demonstrate the robustness and quality of our product, which will help position
us for future work in this part of the world. We will work hard to grab that
opportunity."

Engineering of the umbilicals will be managed out of Aker Solutions' facilities
in Oslo, Norway, and Perth, Western Australia. The steel tube umbilicals will be
manufactured at Aker Solutions' facility in Moss, Norway. Final deliveries will
be made in Q2 2012.

Aker Solutions' contract party is Aker Subsea AS.

The Gorgon Project is operated by an Australian subsidiary of Chevron and is a
joint venture of the Australian subsidiaries of Chevron (approximately 47
percent), ExxonMobil (25 percent) and Shell (25 percent), Osaka Gas (1.25
percent), Tokyo Gas (one percent) and Chubu Electric Power (0.417 percent).


ENDS

For further information, please contact:

Media:
Endre Johansen, VP Communications, Aker Solutions. Tel: +47 22 94 58 91, Mob:
+47 416 10 605, e-mail: endre.johansen(at)akersolutions.com






Investor relations:
Lasse Torkildsen, SVP Investor Relations, Aker Solutions. Tel: +47 67 51 30 39,
Mob: +47 911 37 194

Suppliers:
For further information about sourcing and potential subcontracts for this
project, please contact BA Global Sourcing Champion, telephone number found
here: http://www.akersolutions.com/Internet/SuppliersCentre/Contacts/SupplyManag
ementContacts.htm.

Career opportunities:
Visithttp://www.akersolutions.com/careers

Aker Solutions ASA, through its subsidiaries and affiliates ("Aker Solutions"),
is a leading global provider of engineering and construction services,
technology products and integrated solutions. Aker Solutions' business serves
several industries, including oil & gas, refining & chemicals, mining & metals
and power generation. The Aker Solutions group is organised in a number of
separate legal entities. Aker Solutions is used as the common brand/trademark
for most of these entities.

Aker Solutions' parent company is Aker Solutions ASA.  Aker Solutions has
aggregated annual revenues of approximately NOK 58 billion and employs
approximately 22 000 people in about 30 countries.

Aker Solutions is part of Aker (www.akerasa.com ), a
group of premier companies with a focus on energy, maritime and marine resource
industries. The Aker companies share a common set of values and a long tradition
of industrial innovation. As an industrial owner controlling 40.27 percent of
the shares in Aker Solutions through Aker Holding AS, Aker ASA takes an active
role in the development of Aker Solutions.

This press release may include forward-looking information or statements and is
subject to our disclaimer, see www.akersolutions.com
.
This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)



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Bereitgestellt von Benutzer: hugin
Datum: 26.03.2010 - 03:01 Uhr
Sprache: Deutsch
News-ID 1012029
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