Aker Solutions Awarded Letter of Intent for Breidablikk

The scope of work covers a complete subsea production system, and associated equipment that includes 15 subsea trees in the first phase.

"We are delighted to be awarded a letter of intent by Equinor, which will lead to more activity at many of our facilities in Norway and beyond," said Luis Araujo, chief executive officer of Aker Solutions.

The work will be carried out at Aker Solutions' locations in Fornebu, Egersund, Tranby and Ågotnes, with additional deliveries from Brazil, Malaysia and the UK.

The potential contract value is approximately NOK 2 billion, excluding options.

Breidablikk is a large oil discovery on the Norwegian Continental Shelf located north-east of the Grane field in the North Sea. Breidablikk will be developed as a subsea field with a tie-back to the Grane platform. Equinor and partners plan for an investment decision later this year. 

The letter of intent is subject to Equinor and partners' final investment decision later this year and a final approval of the project by Norwegian authorities.

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 15,000 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

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.