Aker Solutions, in partnership with Saipem, has been awarded two contracts from Agip KCO for the hook-up work of the Phase I development of the Kashagan field in the Caspian Sea. The total value for Aker Solutions’ portion of the two contracts is US$1.6 billion.
One of the contracts includes the offshore hook-up, commissioning assistance, onshore pre-fabrication, all logistic support and inshore hook-up work. The other contract includes engineering and job carding for prefabrication and installation and vessels preparation. The contracts will be split in separate work packages, as has been the case for the early work on this field development. Aker Solutions’ work will be completed by the end of 2011 with further ongoing commissioning assistance in 2012.
“I am very pleased to announce that we have signed the hook-up contracts for the Kashagan field. It is a significant milestone for Aker Solutions’ international operations and demonstrates our strong foothold in the Caspian region,” said Simen Lieungh, president and CEO of Aker Solutions.
“We have played a significant role in developing this field since 2004 and these hook-up contract awards demonstrate that we have succeeded in actively positioning ourselves for this target project in one of the world’s richest regions of natural resources,” he added.
The Kashagan field, 80 km south-east of Atyrau is the first large-scale offshore petroleum development in Kazakhstan. The field extends over an area of approximately 75 km by 45 km. The Kashagan field is considered one of the most important oil field discoveries in the past 40 years.
