Aker Solutions Wins BP Cypre Front-End Study

The contract will see Aker Solutions deliver front-end engineering and design (FEED) for the first platform in a potential series of future assets within BP’s Trinidad and Tobago (BPTT) portfolio. The award comes following the successful delivery of early phase studies by Aker Solutions’ team in London. The study will be completed in the summer of 2020.

The FEED could lead to a full EPC contract combining green- and brownfield scopes, which would be executed from Aker Solutions’ London, Aberdeen and Mumbai offices.
 
"We are excited to be expanding the collaboration with BP to develop the oil and gas resources in Trinidad and Tobago, which is a new region for us," said Luis Araujo, chief executive officer of Aker Solutions. "We will utilize our front-end engineering capacity to maximize the output and minimize the footprint of the project."

"We believe the Cypre project will set a new standard in ‘minimum facilities’ platform concepts, combining technology and improved processes to achieve fully unmanned operations," he added.

Unmanned facilities offer benefits to operators by reducing travel and CO2 emissions, as well as improving safety by removing permanent personnel offshore. 

The project is operated by BP Trinidad and Tobago, which is a partnership between BP and Repsol SA.

ENDS

Aker Solutions helps the world meet its energy needs. We engineer the products, systems and services required to unlock energy. Our goal is to maximize recovery and efficiency of oil and gas assets, while using our expertise to develop the sustainable solutions of the future. Aker Solutions employs approximately 16,000 people in more than 20 countries.

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This press release may include forward-looking information or statements and is subject to our disclaimer, see https://akersolutions.com

Ivar Simensen

Ivar Simensen

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Fredrik Berge

Fredrik Berge

Director, Investor Relations

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