AI assistant
Aker Solutions — Earnings Release 2022
Aug 2, 2022
3531_iss_2022-08-02_337dfe56-55bf-4fb9-ad33-985d64946639.html
Earnings Release
Open in viewerOpens in your device viewer
Aker Solutions ASA: Aker Solutions Awarded EPCI Contract for the Jackdaw Platform from Shell
Aker Solutions ASA: Aker Solutions Awarded EPCI Contract for the Jackdaw Platform from Shell
August 2, 2022 - Aker Solutions has been awarded a contract[1] from Shell UK for
the delivery of a not permanently attended installation (NPAI) for the Jackdaw
gas field. Located east of Aberdeen in the North Sea, the field at peak
production rates, could represent over 6% of projected UK North Sea gas
production in the middle of this decade.
The award follows completion of front-end engineering and design work (FEED),
awarded in June 2019. The scope includes engineering, procurement, construction,
and installation (EPCI) of the complete wellhead platform, consisting of a
topside and a steel jacket, as well as related load-out and offshore hook-up and
commissioning.
Fabrication of the wellhead platform will happen at Aker Solutions' yard in
Verdal, Norway, and at its peak the project will employ over 300 people. The
steel substructure including a pre-drilling deck is to be delivered from Aker
Solutions' facilities to Shell in 2023, and the topside in 2024. In the project,
Aker Solutions will continue the cooperation with external suppliers Rambøll and
Leirvik, who were part of developing the FEED.
"We are pleased that Shell selects us to develop a cost-effective platform for
this major North Sea gas field. We will build on our strong topside solutions
and executions model which involves reusing facilities and equipment and
bringing onboard solid experience from similar developments from both internal
Aker Solutions resources and external partners," said Sturla Magnus, executive
vice president and head of Aker Solutions' topsides and facilities business.
"We aim to be a leading supplier of energy solutions, and the Jackdaw
development contributes to the ambition of the British government to boost
domestic energy output to enhance energy security. The project forms part of our
broader intent to both play a key role in the transformation of Europe's energy
sector and help accelerate security of supplies," said Kjetel Digre, chief
executive officer of Aker Solutions.
[1]Aker Solutions will book the award as an order intake of between NOK 2-3
billion in the third quarter of 2022 in the Renewables and Field Development
segment.
ENDS
Media Contact:
Torbjørn Andersen, mob: +47 928 85 542, email:
Investor Contact:
Fredrik Berge, mob: +47 450 32 090, email: [email protected]
Aker Solutions delivers integrated solutions, products and services to the
global energy industry. We enable low-carbon oil and gas production and develop
renewable solutions to meet future energy needs. By combining innovative digital
solutions and predictable project execution we accelerate the transition to
sustainable energy production. Aker Solutions employs approximately 14,000
people in more than 20 countries.
Visit akersolutions.com and connect with us on
Facebook (https://www.facebook.com/AkerSolutions/),
Instagram (https://instagram.com/akersolutions/),
LinkedIn (https://www.linkedin.com/company/aker-solutions),
Twitter (https://twitter.com/akersolutions) and
YouTube (https://www.youtube.com/akersolutions).
This press release may include forward-looking information or statements and is
subject to our disclaimer, see https://akersolutions.com
This information is considered to be inside information pursuant to the EU
Market Abuse Regulation and is subject to the disclosure requirements pursuant
to Section 5-12 the Norwegian Securities Trading Act.
This stock exchange release was published by Dafina Shala, Senior Communications
Advisor, Aker Solutions, August 2, 2022 at 12:00 CEST.