Aker Solutions won a contract from Statoil for front end engineering and design of a module that will increase output at Troll, one of Norway's largest natural gas fields.
The order includes an option for engineering, procurement, construction and installation of the module, which will receive and process gas from the Troll West field before it is exported to the onshore Kollsnes facility near Bergen in Norway. The module will be installed on the Troll A platform in the North Sea.
"We're excited to start working on the next phase of this important development and look forward to collaborating with Statoil to optimize value from this field," said Aker Solutions Chief Executive Officer Luis Araujo.
The Troll field, located about 65 kilometers west of Kollsnes, contains around 40 percent of Norway's offshore gas reserves. Production from the field is expected to continue beyond 2050.
The contract will be booked as part of Aker Solutions' third-quarter orders.
About Aker Solutions
Aker Solutions is a global provider of products, systems and services to the oil and gas industry. Its engineering, design and technology bring discoveries into production and maximize recovery. The company employs approximately 14,000 people in about 20 countries.
About Statoil
Statoil ASA (OSE: STL, NYSE: STO) is an international energy company with operations in more than 30 countries, present in several of the most important oil and gas provinces in the world. Building on more than 45 years of experience from oil and gas production on the Norwegian continental shelf, we are committed to accommodating the world's energy needs in a responsible manner, applying technology and creating innovative business solutions. Statoil is among the world's largest net sellers of crude oil and condensate, the second-largest supplier of natural gas to the European market, and we also have substantial processing and refining operations. Statoil’s equity oil and gas production is around 2 million barrels oil equivalent per day. Statoil has contracted a fleet of around 90 ship for transportation of oil and LNG.
Statoil is headquartered in Norway with 21,000 employees worldwide, and is listed on the New York and Oslo stock exchanges.