Aker Solutions Wins £3.1 Billion Angolan Total Contract

Published at 10:00AM - 15/04/14

Aker Solutions has secured a contract with the French oil giant Total to provide a subsea production system for the Kaombo, currently one of the world’s largest subsea developments, located 93 miles (150 kilometres) off the coast of Angola.

The deal worth NOK 14 billion (GBP 3.1 billion / USD 5.3 billion) is for the delivery of 20 subsea manifolds and 65 vertical subsea wellsets, as well as all associated controls, work-over and tie-in systems, with first deliveries to scheduled for the second quarter of 2015.

Aker solutions has set up a joint venture with Prodiaman Oil Services Lda in Angola with the aim of producing an amount of the work locally.  Aker also employs around 130 of its own staff locally in Angola.

“This is a landmark contract and further strengthens an important relationship with a key partner,” said Øyvind Eriksen, executive chairman of Aker Solutions. “It’s a significant commercial achievement for our subsea business as well as an important strategic development in our expansion in Angola and the broader region.”

“I am delighted to be part of this significant project with Aker Solutions for Total,” said Prodiaman’s president Pedro Godinho. “I look forward to seeing that this project makes significant contributions to the education system through knowledge transfer and job creation in a high-tech industry, all for the benefit of Angola.”

Last updated on 05:25PM - 10/07/14