Aker Solutions Nets $2.3 Bln Subsea Equipment Contract in Angola

Aker Solutions won a contract worth $2.3 billion from Total to provide a subsea production system for the Kaombo Block 32 development in Angola.

Aker Solutions will deliver 20 subsea manifolds and 65 vertical subsea wellsets. The order also includes associated controls as well as work-over and tie-in systems. The first deliveries are scheduled for the second quarter of 2015.

“This is a landmark contract and further strengthens an important relationship with a key partner,” said Øyvind Eriksen, executive chairman of Aker Solutions.“It’s a significant commercial achievement for our subsea business as well as an important strategic development in our expansion in Angola and the broader region.”

Kaombo, one of the world’s largest subsea developments, is located in block 32 about 150 kilometers off the coast of Angola.

Joint Venture
Aker Solutions is committed to developing local content and project execution capabilities in Angola, where it employs about 130 people. The company has set up a joint venture with Prodiaman Oil Services Lda, an Angolan company that will execute local content activities related to this and other future Aker Solutions subsea projects in Angola.

“I am delighted to be part of this significant project with Aker Solutions for Total,” said Prodiaman’s president Pedro Godinho. “I look forward to seeing that this project makes significant contributions to the education system through knowledge transfer and job creation in a high-tech industry, all for the benefit of Angola.”

Press Release, April 15, 2014

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