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Aker Solutions Secures Troll Phase 3 Topside Modification Contract

PR-Inside.com: 2018-05-16 08:08:03

May 16, 2018 - Aker Solutions secured a contract valued at over NOK 1 billion from Equinor to deliver a module for the Troll A platform that will help increase output at one of Norway's largest natural gas fields.

The engineering, procurement, construction and installation (EPCI) contract is the company's latest award for work at phase 3 of the Troll development. Aker Solutions in January won work to provide the subsea production system and services for the field. Integrating the company's capabilities in both subsea and topside installations can help optimize the development and lower costs.

"We're delighted to extend our work at Troll, a field that will help maintain Norway as a major gas exporter for decades to come," said Aker Solutions' Chief Executive Officer Luis Araujo. "Working on these two significant sections of the development allows us to bring efficiencies across the project," he added.

The EPCI work for the module is an option on the front-end engineering and design work Aker Solutions won in September 2017.

The module will receive and process gas from the Troll West field, before it is piped to the onshore Kollsnes gas processing facility near Bergen, Norway. 

At peak the contract will provide work for as many as 500 employees in Bergen, Egersund and offshore Norway and in Mumbai, India. The contract will be booked in the second quarter.

The Troll field, located about 65 kilometers west of Kollsnes, contains about 40 percent of Norway's offshore gas reserves. Production from the field is expected to continue beyond 2050.

ENDS

Media Contact:
Stina Kildedal-Johannessen, tel: +47 55 22 28 00, mob: +47 934 12 301, e-mail: stina.kildedal-johannessen@akersolutions.com

Investor Contact:
Fredrik Berge, tel: +47 22 94 62 19, mob: +47 450 32 090, e-mail: fredrik.berge@akersolutions.com

Aker Solutions is a global provider of products, systems and services to the oil and gas industry. Its engineering, design and technology bring discoveries into production and maximize recovery. The company employs approximately 14,000 people in about 20 countries. Go to http://akersolutions.com for more information on our business, people and values.

This press release may include forward-looking information or statements and is subject to our disclaimer, see http://akersolutions.com




This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Aker Solutions ASA via Globenewswire




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