Aker Solutions announces Kanowit subsea project win

Tuesday, Aug 24, 2010

Aker Solutions, through its subsidiary in Malaysia - Aker Process Systems Asia Pacific (APSAP), has been awarded two subsea contracts from PETRONAS Carigali Sdn Bhd (PETRONAS Carigali).  The first is a work order to supply subsea production system and services for the Kanowit field, while the second is a contract  to deliver 5600 metres of subsea umbilicals that tie back the Kanowit subsea wells to the Kumang Cluster, Offshore Bintulu, Sarawak, Malaysia.

The engineering, procurement and construction work order is valued at approximately RM147 million (USD 45 million).   This work order is the result of the frame agreement signed between APSAP and PETRONAS Carigali back in 2009 for the supply of a complete subsea production system and services for a period of three (3) years or until the completion of the Kanowit project.

Under the scope of work for this work order, APSAP will complete the engineering and delivery of a subsea production system consisting of two subsea trees, wellheads, subsea control system, manifold with high integrity pressure protection system, pipeline-end manifold and all tie-in equipment. APSAP will utilise Aker Solutions' high-tech manufacturing centre in the Port Klang Free Zone to deliver the project and the equipment. Delivery of the subsea hardware is scheduled for 2011.

Meanwhile, the second contract with an estimated value of RM17 million (USD 5 million) will cover project management, engineering, procurement and manufacturing of subsea steel tube umbilical and auxiliary equipment.

The subsea umbilical, which contains steel tubes and electric cable, will connect the host platform to the Kanowit subsea field.

APSAP will be delivering the contract out of Aker Solutions' purposed-built subsea umbilical facility in Moss, Norway.  Delivery is expected to be completed by the second quarter of 2011.

Dave Hutchinson, president - Subsea Asia Pacific, Aker Solutions, says the success of this project is of high importance: "Kanowit is PETRONAS Carigali's first subsea venture in Malaysian waters.  It will be an important reference for future subsea jobs in Malaysia and a major milestone towards realising Malaysia as the regional deepwater centre for the oil and gas industry. Aker Solutions is honoured to be given a role in this transformation process. We are confident that we have the knowledge and skills that are vital to achieving the deepwater hub ambition together".

About Kumang
The Kumang Cluster field located about 250km offshore Bintulu is operated by PETRONAS' exploration and production subsidiary, PETRONAS Carigali.  Phase 1 consists of F9, Kumang and Kanowit fields.  It comprises a central processing platform (CPP) at Kanowit field (KAKG-A) and drilling platform for F9 (F9JT-A) and Kumang (KUJT-A).  Once installed, the Kumang Cluster facilities are able to supply gas to MLNG-2 terminal in Bintulu.

ENDS

For further information, please contact:

Media:
Endre Johansen, VP Communications, Aker Solutions. Tel: +47 22 94 58 91, Mob: +47 416 10 605, e-mail: endre.johansen@akersolutions.com 

Philip Ng, Communications Manager, Aker Solutions (Asia Pacific). Tel: +60 3 2381 8309, Mob: +6012 340 6478, E-mail: philip.ng@akersolutions.com

Investor relations:
Lasse Torkildsen, SVP Investor Relations, Aker Solutions. Tel: +47 67 51 30 39, Mob: +47 911 37 194

Suppliers: For further information about sourcing and potential subcontracts for this project, please contact BA Global Sourcing Champion, telephone number found here: http://www.akersolutions.com/Internet/SuppliersCentre/Contacts/SupplyManagementContacts.htm.

Career opportunities:
Visit http://www.akersolutions.com/careers

Source: Aker Solutions