Aker Solutions has been awarded front-end engineering and design (FEED) work on the Valhall field and King Lear discovery in Norway.
The scope incudes a study on a new 12,000-tonne central platform (NCP) bridge-linked to the Valhall field centre, and an unmanned 7,500-tonne wellhead platform for the King Lear discovery, both operated by Aker BP.
Aker Solutions (OSLO: AKSO) said the two FEEDS combined are worth somewhere between £17million – £60million, however the awards also mean its “well positioned” to win further contracts should the field developments move into execution phase in 2022.
The company said the wider combined scope would represent a “very major contract” worth between £422million and £675million.
Valhall is a large oilfield in the southern part of the Norwegian North Sea, close to the Danish and UK borders.
King Lear is a gas and condensate field around 30miles north of Valhall in similar water depth if around 70 metres.
Sturla Magnus, executive vice president and head of Aker Solutions’ topside and facilities business, said: “We are looking forward to continue our longstanding relationship with Aker BP and our alliance partners to further develop and maximize the potential of the large Valhall field and the King Lear discovery.
“The alliance enables us to engage early in the field development process and optimize design solutions.
“These major projects will have significant positive effects on employment in our operations in Norway and demonstrates the value of our leading front-end capabilities.”