Statoil awards Aker Solutions topside FEED contract for Mariner in the UK North Sea

Source: Aker Solutions

Statoil (NYSE:STO) has awarded Aker Solutions a contract to conduct the topside FEED (front-end engineering and design) study on the Mariner heavy oil field on the UK Continental Shelf in the North Sea. The contract value is approximately NOK125 million (US $39 million).

The Mariner study will be delivered in the summer of 2012, after which the customer may proceed with the final investment decision.

"We are pleased to have won another important topside FEED study from Statoil. The Mariner field presents an exciting opportunity on the UK shelf, which suits our strategy of boosting our presence in the UK further," says Valborg Lundegaard, executive vice president of Aker Solutions' engineering business.

The engineering and design work will be carried out from Aker Solutions' engineering hub in Oslo, together with engineers from the drilling technologies business in Kristiansand, Norway.

Aker Solutions is also strengthening its UK engineering capacity, hiring experienced engineering professionals to its London office, which could offer future support for the Mariner project.



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