Oil services provider Aker Solutions (AKKVF.PK) Monday said it has received a Letter of Award from Total SA (TOT, TTFNF.PK,TTA.L) for the delivery of a subsea production system for the Moho Nord project in the Republic of the Congo. The contract value is around 4.9 billion Norwegian kronor ($850 million).
The Moho Nord project, located around 75 km off the coast of the Republic of the Congo, consists of the two developments Moho Nord and Moho Bilondo 1bis. Aker Solutions and Total will run these developments as one integrated project.
The contract includes the delivery of 28 vertical subsea trees including wellhead systems, 2 installation and workover control systems, 7 manifold structures, subsea control and tie-in systems. The contract also contains options related to Moho Nord which Total may exercise.
The project will utilize Aker Solutions' new vertical tree technology. The workover technology has been developed as part of the Skandi Aker/Tulip project for Total.
Management, engineering and procurement will primarily be performed at Aker Solutions' headquarters in Fornebu, Norway. The subsea trees and the workover systems will be manufactured at the Tranby manufacturing centre, outside Oslo.
The production of the manifolds will be carried out at Aker Solutions' facility in Egersund, while the facility in Aberdeen in the UK will deliver the control systems and the wellheads.
Aker Solutions will also establish a service base with Total in Pointe Noire, the second largest city in the Republic of the Congo. Around 40 people are expected to be employed at the base.
The first deliveries of the Moho subsea production system will be made in the second quarter of 2014.
Alan Brunnen, head of Aker Solutions' subsea business area, said, "This is a major contract award for Aker Solutions. We are investing and growing internationally and Aker Solutions is committed to developing the oil and gas industry in the Republic of the Congo through knowledge sharing and local content."
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