Aker Solutions has been awarded contracts with several clients for delivery of process systems. The total value of the four contracts are approximately NOK 300 million.
"We are extremely pleased to be awarded these four contracts with major clients. This proves our capability to deliver our well proven process systems in a booming market," said Per Harald Kongelf, President for Aker Solutions' process systems business.
Two of the contracts have been signed with Mitsui Ocean Development & Engineering Co., Ltd (MODEC) for delivery of process modules to an FPSO. It is an EPC contract of the Aker Solutions Sulphate Removal Unit (SRU) and a Mono Ethylene Glycol (MEG) reclamation unit. These contracts are a breakthrough for our MEG technology in the FPSO market and they also strengthen the relationship between MODEC and Aker Solutions. Deliveries are scheduled to first half of 2009.
Aker Solutions has also signed a contract with Woodside for delivery of MEG reclamation system to Woodsides Pluto project. Pluto is an offshore gas field in North-Western Australia with an onshore liquified natural gas (LNG) plant. The key proprietary equipment will be delivered in autumn 2008 with a gas production start scheduled to begin in the first quarter of 2010.
In addition, Aker Solutions will deliver crude oil dehydration system to OAO Globalstroy, a leading Russian construction company. Globalstroy is working under an EPC contract with the largest Russian crude producer, Lukoil. This will be the third contract signed with Lukoil to date and the most significant. As a specialist in heavy oil processing, Aker Solutions regards Russia and Kazakhstan strategic markets for the provision of our equipment and services. The company continues to pursue numerous other prospects with key customers in these markets.
The work will be undertaken by the Aker Solutions subsidiary, Aker Process Systems. These contracts were booked as order intake in first quarter 2008.