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Aker Solutions Sign USD 235 million Subsea Installation Deal

Aker Solutions

Aker Solutions, through its subsidiary Aker Installation FP AS, has signed a change order to an existing contract with Reliance Industries Ltd, India, for transportation, installation and commissioning of the company's MA-D6 subsea development (2nd phase), including gas export system and production wells. Change order value is approximately USD 235 million.

Last year, Aker Solutions signed a contract for the delivery of a complete subsea production system, including umbilicals, to Reliance Industry's fast-track MA-D6 development. Aker Solutions managed the 1st phase subsea installation of the field. The MA-D6 field, located in the Bay of Bengal, produced first oil - in record-breaking time from discovery to production - on 17 September this year.

The 2nd phase installation is scheduled for completion by Q2 2009.

Contract party is Aker Solutions subsidiary, Aker Installation FP AS.

Posted 09/12/08

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