Aker Solutions was awarded a FEED contract from ConocoPhillips on Oct. 1 for modifications on the Ekofisk installations to integrate the Tommeliten Alpha discovery, offshore Norway.
The company was also awarded an order to deliver the subsea production system for the development worth roughly NOK 1.2 billion (US$128 million). The scope of work covers a complete subsea production system including 10 vertical subsea trees, two manifolds, wellheads, satellite structures, control systems and tie-in equipment.
The FEED starts immediately and is expected to be completed in the second quarter of 2021 with an estimated value of about NOK 130 million (US$13 million). The FEED contract was booked as order intake in the third quarter of 2020.
The contract includes an option for the EPC) work following the completion of the FEED. The option is subject to Norwegian authorities' approval of the plan for development and operation (PDO) and a new award decision by the Tommeliten Alpha partnership.
The FEED work will be led by Aker Solutions’ office in Stavanger, Norway.
Tommeliten Alpha is a discovery in the southern part of the Norwegian sector in the North Sea, approximately 25 km southwest of the Ekofisk field. The water depth is 75 m. The discovery was proven in 1977. The reservoir contains a gas condensate fluid and lies at a depth of about 3,000 m.
Recommended Reading
Haslam Family Office: ‘We Need Hydrocarbons’
2025-01-29 - The managing director of HF Capital—the office for Tennessee's Haslam family—says that as long as oil, gas and other energy sources are lacking capital, there’s an investment opportunity.
BP Cuts Renewable Investment, Boosts Oil and Gas in Strategy Shift
2025-02-26 - BP aims to grow oil and gas production to between 2.3 MMboe/d and 2.5 MMboe/d in 2030.
Utica Oil’s Infinity IPO Values its Play at $48,000 per Boe/d
2025-01-30 - Private-equity-backed Infinity Natural Resources’ IPO pricing on Jan. 30 gives a first look into market valuation for Ohio’s new tight-oil Utica play. Public trading is to begin the morning of Jan. 31.
Pearl Energy Investments Closes Fund IV with $999.9MM
2025-02-04 - Pearl Energy Investments’ Fund IV met its hard cap within four months of launching and closed on Jan. 31.
Utica Liftoff: Infinity Natural Resources’ Shares Jump 10% in IPO
2025-01-31 - Infinity Natural Resources CEO Zack Arnold told Hart Energy the newly IPO’ed company will stick with Ohio oil, Marcellus Shale gas.