Aker Solutions has received a Letter of Intent (LOI) for a front-end engineering and design (FEED) contract from Equinor, for the FPSO for the Wisting field development in the Norwegian Barents Sea. The intended FEED contract includes an option for engineering, procurement, construction and integration (EPCI) of the topside for the FPSO. The scope of the FEED is to provide front-end design- and engineering for a circular floating production, storage and offloading (FPSO) solution, to further progress the project development towards a planned final investment decision. If the field development moves forward to execution phase, Aker Solutions estimates the EPCI option to potentially represent a significant contract, subject to final investment decision and regulatory approvals. The FEED award follows the successful completion of the study phase, and the work starts immediately with planned completion in the third quarter of 2022. The FEED work will be led by Aker Solutions' offices in Fornebu, Norway. The Wisting FPSO is based on a Sevan design. The topside will have a weight of about 20,000 metric-tons, consisting of a large process module and a large utility module.