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BP Angola umbilical contract to Aker Solutions

Aker Solutions has been awarded a  frame contract by BP for the delivery of subsea umbilicals to the oil company's PSVM ultra-deepwater field development offshore Angola.  Intial contract value is approximately NOK 360 million.

Aker Solutions has been awarded a frame contract by BP for the delivery of subsea umbilicals to the oil company's PSVM ultra-deepwater field development offshore Angola. Intial contract value is approximately NOK 360 million.
 
The contract is for manufacturing and delivery of 48 kilometres of steel tube umbilicals. The dynamic section of the umbilicals will be made using Aker Solutions' patented carbon fibre rod technology, which is developed specifically for deepwater and ultra-deepwater conditions.
 
 "This is the second time we are delivering our umbilicals to BP's projects in Angola, and we are pleased to build on our solid relationship with them. We are the biggest player in the global steel tube umbilical market and large contracts like these are proof that our technology is a good fit for ultra-deepwater developments," says Raymond Carlsen, executive vice president, Aker Solutions.
 
The umbilicals will be manufactured and delivered out of Aker Solutions' facility in Moss, Norway. Delivery of the umbilicals is scheduled for Q3 and Q4 2010.
 
 Contract party is Aker Solutions' subsidiary Aker Subsea AS.
 
 Sociedade Nacional de Combustíveis de Angola (Sonangol) is the concessionaire of block 31. BP operates the block.

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