Aker Wins Contract for Schiehallion Redevelopment

Norwegian oilfield services firm Aker Solutions reported Wednesday that it has secured an approximately $105 million contract with BP to help redevelop one of the UK's largest oilfields.

Aker said its Aberdeen, Scotland operation will manufacture and supply all subsea controls equipment for the Quad 204 project. This is the redevelopment of the Schiehallion and Loyal fields, which are located approximately 100 miles west of the Shetland Islands.

The Schiehallion and Loyal fields are estimated to contain a further 450 million barrels of recoverable oil and the total redevelopment is budgeted to cost some $4.5 billion. Due to the water depth in the area, Schiehallion is entirely reliant on subsea production technology and oil from the field is collected on a floating production, storage and offloading vessel (FPSO).

Alan Brunnen, the head of Aker's subsea business, commented in a statement:

"West of Shetland is an exciting area for oil and gas and we are delighted to continue our successful relationship with BP by playing such a significant role in the continuing development of this project."

The scope of Aker's work includes subsea controls equipment for subsea trees, manifolds and subsea safety isolation valves, as well as controls distribution assemblies. The work will be managed, designed and built by Aker’s subsea controls center of excellence in Aberdeen, with the first deliveries made in the first half of 2014.

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