Statoil exercises EPC options of Aker Solutions contract

Norwegian company Aker Solutions has received notification that Statoil has exercised options for the engineering, procurement and construction of three subsea work-over systems for use on the Norwegian Continental Shelf.

Aker Solutions estimates the contract value of these three extensions to be a total of approximately NOK1.25bn.

In February, Statoil awarded Aker Solutions a contract for one workover system to be used on the Vigdis North East development on the Norwegian Continental Shelf.

Workover equipment is used on every subsea well, for installing equipment and preparing the well for production.