Aker Solutions signs subsea engineering contract with BP

Aker Solutions has signed a contract renewal with BP for the provision of life-of-field subsea engineering services for its West of Shetland assets.

14 January 2009 - Aker Solutions has signed a contract renewal with BP for the provision of life-of-field subsea engineering services for its West of Shetland assets. The contract is for a three-year period with options for two one-year extensions (3+1+1). Total contract value could reach GBP 25 million over the five-year period and provides access to work on other BP UKCS assets.

Under the contract, Aker Solutions will provide project management for subsea field developments, life-of-field engineering support and other subsea engineering services. The work will be managed out of Aker Solutions' facilities in Aberdeen, where a 120-strong subsea engineering and field development team is based.

The new agreement sparks the latest phase of Aker Solutions' subsea engineering service provision to BP. The cooperation originated with the development and operations support of the deepwater West of Shetland oilfields, Schiehallion and Foinaven, in 1995 and 1998 respectively.

"As a dedicated subsea engineering hub we have the know-how, experience and manpower to support BP through all phases of their subsea developments, from the FEED stage through to installation and well intervention operations," says Ian MacGruer, vice president of subsea field development, Aker Solutions.

"Not only can we provide life-of-field subsea engineering and management services to our customers, Aker Solutions also has the ability to deliver established and leading edge products, technologies and services to support all phases of the subsea developments. That puts us in a unique position to offer EPCIC (engineering, procurement, construction, installation and commissioning) work under one roof," added MacGruer.

Contract party is Aker Solutions subsidiary Aker Subsea Ltd.

Associated companies: