Aker Solutions wins Statoil early stage contract awards

Aker Solutions (OSE: AKSO) got the contract from Statoil (OSE: STL, NYSE: STO) it had been hoping for, early phase studies for all of its recent major discoveries in the Norwegian Continental Shelf, the Shrgard and Havis fields in the Barents Sea and the Johan Sverdrup (Aldous/Avaldsnes) discovery in the North Sea. The contract values are not disclosed but they are clearly important and were a priority for this year.

Aker Solutions will be one of several vendors performing a concept study for the Skrugard and Havis fields. A screening of potential scope will be done on behalf of Statoil. The company feels that Barents Sea development with floating installations in a harsh environment belongs to its core competence and it is continuously increasing its presence in Northern Norway. On the Johan Sverdrup Aker Solutions will do a feasibility and screening study.