Aker Solutions to Provide Subsea Production System for the Halten East Development

"This contract once again demonstrates the value of our standardized product offering and the benefits of the portfolio approach in our execution. We look forward to supporting Equinor and its partners in creating value on this important tie-back project," said Maria Peralta, executive vice president and head of Aker Solutions' subsea business. "This contract once again demonstrates the value of our standardized product offering and the benefits of the portfolio approach in our execution...
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"This contract once again demonstrates the value of our standardized product offering and the benefits of the portfolio approach in our execution. We look forward to supporting Equinor and its partners in creating value on this important tie-back project," said Maria Peralta, executive vice president and head of Aker Solutions' subsea business.

In addition, Aker Solutions has been awarded a separate letter of intent for the delivery of about 90 kilometers of static subsea umbilicals for the Halten East development. The company expects to book an order intake between NOK 300 million and NOK 400 million related to the umbilicals contract.

About the Field
Halten East comprises six discoveries and three prospects with a combined volume of around 100 million barrels of oil equivalent, consisting of gas and condensate. Equinor is the operator of the development, and the other license partners are Vår Energi, Spirit Energy and Petoro.

Both contracts will be booked as order intake in the second quarter of 2022 in the Subsea segment.

The project development is subject to regulatory approval by Norwegian authorities.

1Aker Solutions defines a sizeable contract as being between NOK 0.5 billion and NOK 1.5 billion.

CONTACT:

Media Contact:
Torbjørn Andersen, mob: +4792885542, email: [email protected]

Investor Contact:
Fredrik Berge, mob: +4745032090, email: [email protected]

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/aker-solutions-asa/r/aker-solutions-to-provide-subsea-production-system-for-the-halten-east-development,c3572847

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