2 March 2011 - Aker Solutions has reached a key milestone in being selected as one of two remaining players for the delivery competition of the Browse LNG development. The FEED will commence immediately and the EPCI tender will be submitted mid-2011 with expected contract award end 2011.
Per Harald Kongelf, executive vice president in Aker Solutions, says: "This is a target project for our international field development business. I am very pleased to learn that we have successfully reached this milestone. We are still in competition, and will do our utmost to win the full EPCI delivery".
Operated by Woodside, the Browse LNG development seeks to process gas and condensate from three fields off the Western Australian coast. The development is a joint venture comprising Woodside, BHP Billiton, BP, Chevron and Shell.
The selected concept includes floating platforms, jacket platforms and an onshore LNG facility. Aker Solutions is now in a delivery competition for the floating platforms; two Tension Leg Platforms (TLP).
Aker Solutions has experience of delivering 50 floating platforms. These will be the first Tension Leg Platforms in Australia.
"We look at this as an opportunity for Aker Solutions to be instrumental in bringing TLP technology to Australia," Kongelf says.
The FEED will be delivered from the engineering offices in Oslo and Perth.
For further information, please contact:
Mariken Holter, VP Communications, Aker Solutions. Tel: +47 67 52 74 35, Mob: +47 91787358
Lasse Torkildsen, SVP Investor Relations, Aker Solutions. Tel: +47 67 51 30 39, Mob: +47 911 37 194
For further information about sourcing and potential subcontracts for this project, please visit www.akersolutions.com/suppliers
Aker Solutions ASA, through its subsidiaries and affiliates ("Aker Solutions"), is a leading global oil services company that provides engineering and construction services, technologies, product solutions and field-life solutions for the oil and gas industry. The Aker Solutions group is organised in a number of separate legal entities. Aker Solutions is used as the common brand/trademark for most of these entities.
Aker Solutions' parent company is Aker Solutions ASA. Aker Solutions has aggregated annual revenues of approximately NOK 46 billion and employs approximately 20 000 people in about 26 countries.
This press release may include forward-looking information or statements and is subject to our disclaimer, see www.akersolutions.com.