Photo:
"This record-high order intake will ensure high activity-levels and predictability at all
"These contracts combined is the largest value of contract awards in a single quarter in
These projects will be executed through
To safeguard project execution, as well as preparing for increased activity on upcoming renewable projects,
Yggdrasil, incl. Hugin A, Hugin B, Munin and Fulla (formerly NOAKA - North of Alvheim, Krafla, Askja, Fulla)
Topsides and Jackets
- Scope: Engineering, Procurement, Construction (EPC) and offshore hook-up of the 28,000 tons Hugin A PdQ production platform (formerly called NOA PdQ, includes production, utility, wellbay and living quarters), and its 20,500 tons steel jacket substructure. The work will be executed in the
Fixed Facilities Alliance consisting ofAker BP ,Aker Solutions andSiemens Energy . - EPC and offshore hook-up of the 2,100 tons Hugin B (formerly Frøy) normally unmanned wellhead platform and its 4,700 tons jacket substructure.
- Timelines: Fabrication of the Hugin A jacket will start in the third quarter of 2023 and fabrication of the Hugin A platform topside will start in the fourth quarter of 2023. Delivery of the jacket is scheduled for 2025 and the topsides in 2026.
- Fabrication of the Hugin B wellhead platform is planned to start in the first half of 2024, with delivery of the jacket planned for 2025 and the topsides in 2026.
- Fabrication: The Hugin A topside will be assembled at
Aker Solutions' Stord yard. The platform will be the largest topside ever assembled at theStord yard. In addition, there will be deliveries from Egersund, Verdal and Sandnessjøen, as well as subcontractorLeirvik AS atStord . -
The Hugin B wellhead platform and its jacked substructure will be fabricated at
Aker Solutions' yard in Verdal. - Value:
Aker Solutions will book an order intake of aroundNOK 22 billion related to these contracts in the fourth quarter 2022, in the Renewables andField Development segment.
- Scope: the complete subsea production system for the Yggdrasil field development (formerly called NOAKA), including 40 standardized vertical subsea trees, Vectus™ 6.0 based control system modules, topside control systems, nine off six-slot templates and manifolds, wellheads and associated tie-in systems. It will also include eight static umbilicals with a total length of about 90 kilometers. The work will be executed in the
Subsea Alliance consisting ofAker BP ,Aker Solutions andSubsea 7 . - Fabrication: will mainly involve manufacturing in
Norway andBrazil , with deliveries also fromUK andMalaysia , as well as subcontracting of steel templates. - Timeline: manufacturing is planned to start in the first half in 2023 with final deliveries planned in 2028.
- Value:
Aker Solutions will book an order intake of close toNOK 7 billion related to this contract in the fourth quarter 2022, in theSubsea segment. - The subsea scope to be delivered for the Yggdrasil (formerly NOAKA) and Skarv field developments is likely to also lead to significant future subsea lifecycle service work for the company.
Valhall PWP - Fenris (formerly
Topsides and Jackets
- Scope: EPC and offshore hook-up of the 15,500 tons Valhall production- and wellhead platform (PWP) including its 9,500 tons steel jacket substructure as well as a 1,100 tons bridge.
-
The work will be executed in the proven alliance model with
Aker BP and ABB Norway. - EPC and offshore hook-up of the 2,600 tons Fenris unmanned wellhead platform and its 2,900 tons steel jacket substructure.
- Timelines: Engineering to start in
December 2022 . Fabrication of the Valhall PWP topside and its jacket are planned to start in the fourth quarter of 2023, with the delivery of the jacket in 2025 and the topsides in 2026. - Fabrication of the Fenris unmanned wellhead platform is planned to begin in the second quarter of 2023, with delivery of the jacket in 2024 and topsides in 2026.
- Fabrication: The Valhall PWP platform will be assembled at
Aker Solutions' Stord yard, with fabrication deliveries from Sandnessjøen and subcontractorsWorley Rosenberg in Stavanger andAS Nymo inArendal . -
The Fenris unmanned wellhead platform, its jackets substructure, and the jacket substructure for Valhall PWP will be fabricated at
Aker Solutions' Verdal yard. - Value:
Aker Solutions will book an order intake of aroundNOK 15 billion related to these contracts in the fourth quarter 2022, in the Renewables andField Development segment.
- Scope: manufacturing and delivery of three umbilicals with a total length of about 50 kilometers.
- Fabrication: the umbilicals will be fabricated at
Aker Solutions' manufacturing site in Moss,Norway . -
The work will be executed in the proven alliance model with
Aker BP andSubsea 7 . - Value:
Aker Solutions will book an order intake of aroundNOK 500 million in the fourth quarter 2022 related to this contract in the fourth quarter 2022, in theSubsea segment.
Modification
- Scope: modification work of the existing Valhall field center to enable the tie-in of the Valhall PWP- and Fenris platforms to the existing facilities such as process, power and utilities. The work will be executed in the
Modification Alliance consisting ofAker Solutions andAker BP . - Timeline: Prefabrication work is planned to start up at
Aker Solutions' yard in Egersund starting in the fourth quarter of 2023. This will be followed by a longer offshore phase including several Turnarounds in the coming years. - Value:
Aker Solutions estimates the contract value at aroundNOK 2 billion and has already included this order intake in today's separately announced award of the extended frame agreement fromAker BP in the Electrification, Maintenance and Modifications (EMM) segment.
Skarv Satellite project
- Scope: the complete subsea production system for the Skarv Satellites project including 7 standardized vertical subsea trees, Vectus™ 6.0 based control system modules, topside control systems, three off four slot template and manifolds, one cluster manifold, wellheads and a large number of tie-in and connection systems. It will also include one dynamic and five static umbilicals with a total length of about 60 kilometers. The work will be executed in the
Subsea Alliance consisting ofAker BP ,Aker Solutions andSubsea 7 . - Fabrication: will mainly involve manufacturing in
Norway andBrazil , with deliveries also fromUK andMalaysia and subcontracting of steel templates inPoland . - Timeline: Final deliveries planned during the first half of 2025.
- Value:
Aker Solutions will book an order intake of aroundNOK 3 billion in the fourth quarter 2022 related to this contract, in theSubsea segment. - The subsea scope to be delivered for the Yggdrasil (formerly NOAKA) and Skarv field developments is likely to lead to significant future subsea lifecycle service work for the company
Modification scope
- Scope: modification work of the existing Skarv FPSO to enable the tie-back and integration of the Skarv Satellites project, to be connected to the existing infrastructure.
Aker Solutions has signed a letter of intent (LOI) withAker BP to initiate engineering and procurement related to long-lead items for this topside modification scope, with the intention to convert to a full EPCI contract to be awarded during 2023. The scope will be executed in theModification Alliance consisting ofAker Solutions andAker BP . - Timeline: The initial interim phase is planned from
December 2022 until the second quarter of 2023. - Value:
Aker Solutions estimate the contract value at aroundNOK 100 million related to this interim phase and has already included this order intake in today's separately announced award of the extended frame agreement fromAker BP in the EMM segment. Further to this,Aker Solutions estimates that a contract award of the full EPCI scope could be worth aroundNOK 2 billion , which could potentially be awarded during mid-2023.
The contracts will be formally signed in a ceremony at
ENDS
Media Contact:
Investor Contact:
Visit akersolutions.com and connect with us on Facebook, Instagram, LinkedIn, Twitter and YouTube.
This press release may include forward-looking information or statements and is subject to our disclaimer, see https://akersolutions.com
https://news.cision.com/aker-solutions-asa/r/aker-solutions-secures-multiple-contracts-with-aker-bp---record-high-order-intake,c3685818
https://news.cision.com/aker-solutions-asa/i/akerbp-yggdrasil-1920x1080,c3127445
(c) 2022 Cision. All rights reserved., source