Aker Solutions wins contract from Premier Oil

4/11/2013

Aker Solutions wins contract from Premier Oil

OSLO -- Aker Solutions has won a contract to provide hook-up, commissioning and facility management services to Premier Oil at the operator's Solan field development, west of Shetland.

The hook-up project will see two subsea production and two subsea injection wells tied back to a fixed production platform located in Block 205/26a of the UK North Sea, the first of its kind west of Shetland.

The platform, which will not be permanently manned, will produce oil that will be stored in a subsea tank before being exported via an oil-offloading system to shuttle tankers.

Worth in excess of $46 million, the contract is valid for three years from first oil, with two 1-year extension options. Work will be led from Aker Solutions in Aberdeen. First oil is expected in the fourth quarter of 2014.

The UK's Department of Energy and Climate Change approved Premier's plans for the Solan oil field in April 2012. Once brought online, Solan is expected to produce 40 million barrels of oil at an initial rate of 24 Mbopd.

Aker Solutions' contract party is Aker Offshore Partner Ltd. The contract has been booked as order intake in the first quarter of 2013. Aker has worked with Premier Oil and Chrysaor on the Solan project since 2010.

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