AI assistant
Aker Solutions — M&A Activity 2023
Jun 14, 2023
3531_rns_2023-06-14_f6714ca5-fc74-47c8-9aa3-7aec1b13bb34.html
M&A Activity
Open in viewerOpens in your device viewer
Aker Solutions Awarded Letter of Award for Eirin Field Development
Aker Solutions Awarded Letter of Award for Eirin Field Development
June 6, 2023-Aker Solutions has been awarded a Letter of Award (LOA) by Equinor
to provide the subsea production system and control umbilical for the Eirin
field development, located in the North Sea. The development concept is a subsea
tie-back to the Gina Krog platform, using existing facilities and
infrastructure.
The final contract award for the Eirin development is subject to Equinor and
partners' approval and final investment decision as well as final contract
negotiations. If the final contract is awarded to Aker Solutions, the company
expects to book a sizeable1 order intake related to this project. Under the
terms of the LOA, Aker Solutions will begin preparatory works to ensure the
timely delivery of the subsea tie-in project.
The scope of work covers a complete subsea production system including two
vertical subsea trees; one 2-slot template including manifold with HIPPS;
control system; control umbilical as well as associated equipment. Major
deliveries will be scheduled for 2024 and 2025.
"This contract once again demonstrates the value of our configurable subsea
offering and the benefits of the portfolio approach in our execution.
Standardization enhances supply chain flexibility and enables us to deliver our
solutions faster to the market. We look forward to supporting Equinor and its
partners in creating value on this important fast-track subsea project," said
Maria Peralta, executive vice president and head of Aker Solutions' Subsea
business.
The Eirin field was originally discovered north of the Sleipner and Gina Krog
field in 1978.
1Aker Solutions defines a sizeable contract as being between NOK 0.5 billion and
NOK 1.5 billion
ENDS
Preben Ørbeck
investor relations
+47 470 10 611
Hallvard Norum
media contact
+47 913 80 820
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 15,000
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