Aker Solutions won a front end engineering design (FEED) contract from Statoil for the Trestakk field tie-in to the Asgard A production vessel in the Norwegian Sea. The company also secured a separate concept study order for a low well-pressure project at Asgard A.

"We're very pleased to secure the orders for this major oil and gas field, which will help secure jobs in our MMO business in Norway," said Per Harald Kongelf, head of Aker Solutions' Norwegian operations. "We look forward to continuing our good cooperation with Statoil as we together seek to find the most robust and cost-effective solutions for these projects."

Work on both contracts will start at once and be carried out by Aker Solutions' Norwegian maintenance, modifications and operations (MMO) business. The concept study will look at ways to allow future production at Åsgard A at lower well pressures. The contract includes options for FEED and engineering, procurement, construction and installation (EPCI) services. The Trestakk agreement has an EPCI option.

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 16,000 people in about 20 countries.

About Statoil

Statoil ASA (OSE: STL, NYSE: STO) is an international energy company with operations in 36 countries. Building on 40 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. We are headquartered in Stavanger, Norway, with approximately 23,000 employees worldwide, and are listed on the Oslo and New York stock exchanges.