Aker Solutions Wins Mariner Development Deal

Aker Solutions secured a contract from Daewoo Shipbuilding and Marine Engineering to provide engineering, construction and commissioning services for the hook-up phase of the Mariner oilfield development in the UK North Sea.

The agreement is worth more than GBP 120 million. It comes in addition to a five-year maintenance and modifications services contract awarded in June by Statoil (STO) for the Mariner field, which is set to start production in 2017.

"We are very pleased to be expanding our already significant role in developing the Mariner field and to be working with Daewoo and Statoil," said Tore Sjursen, head of Aker Solutions (AKSO.OL)' maintenance, modifications and operations (MMO) business. "This is a testament to the strength and know-how of our UK operations."

The work will be managed by Aker Solutions' UK MMO unit through an integrated construction and completions (ICC) organization with Daewoo and Statoil.

At the peak of the offshore phase, the contract will secure as many as 950 jobs in the UK.

Separately, Aker Solutions' Norwegian MMO unit secured a two-year contract extension worth NOK 360 million for asset integrity management work at 11 offshore and three onshore locations in Norway. The extension is part of a four-year contract awarded in October 2010 by Statoil.