Aker Solutions Wins Umbilicals Contract for the King's Quay Development

The work scope includes 22 kilometers (14 miles) of dynamic steel-tube umbilicals and distribution equipment to connect the King’s Quay floating production system (FPS) to the Samurai, Khaleesi and Mormont deepwater developments.

The King's Quay semisubmersible FPS will be located around 280 kilometers (175 miles) south of New Orleans in the Green Canyon area of the U.S. Gulf of Mexico.

"We look forward to working with Subsea 7 on one of the largest subsea development projects in the Gulf of Mexico," said Jonah Margulis, vice president and country manager for Aker Solutions in the United States. "Aker Solutions and Subsea 7 have built a collaborative and high-performing relationship over time, with a strong track-record of excellent project execution."

The engineering, design and manufacturing of the umbilicals and distribution equipment will take place at Aker Solutions' facility in Mobile, Alabama in the United States. The work starts immediately and the delivery is planned for the fourth quarter of 2021.

The contract will be booked as order intake in the second quarter of 2020.

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

Ivar Simensen

Ivar Simensen

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Fredrik Berge

Fredrik Berge

Director, Investor Relations

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Based in Fornebu, Norway

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