Aker Solutions wins NOK3.4bn subsea system deal for Asgard field

Norway's oil-service group Aker Solutions ASA said today it won a NOK3.4bn contract to supply the subsea gas compression system for the Asgard field in the Norwegian Sea.
The contract was awarded by Norwegian oil giant Statoil ASA.
The deal is conditional on a positive investment decision due to be taken in the first quarter of 2011, Statoil said in a separate statement.
Deliveries will be carried out by the end of 2014.
Aker Solutions pointed that the system provides improved energy efficiency and safety, and lower costs compared to using a traditional platform.
"Asgard may be the first installation worldwide to employ seabed processing involving gas compression and this represents an important technological leap in the development of fields in deep and demanding waters," Statoil said.
The project will be managed out of Aker Solutions' head office in Oslo, while the equipment will mainly be manufactured at its facilities in Egersund and Tranby, both in Norway, and in Aberdeen, UK.
Aker Solutions has entered the deal via its subsidiary Aker Subsea AS.
Source: Press release