Aker Solutions has signed a letter of intent with Equinor for the delivery of a subsea production system to the Kristin Sor oil and gas satellite fields in the North Sea.
The contract value is about £85 million, with options for some additional work. The intention is to start work during 2021, and to complete the delivery in the first half of 2023.
The Kristin Sor development consists of the fields Lavrans and Kristin Q, both satellites to the existing Kristin platform.
The planned scope will include a subsea template with four of Aker Solutions’ standardised vertical subsea trees for the Lavrans centre.
The delivery will also comprise a manifold for the Kristin Q field, to be installed in the Kristin Q template Aker Solutions delivered in 2007.
Kjetel Digre, chief executive of Aker Solutions, said: “With improved technical solutions and cost levels for subsea technology, development of satellite fields is attractive for several oil companies.
“This is also a responsible approach to utilizing marginal resources with a minimum of new installations.
“We see that an increasing number of our subsea projects are related to such satellite projects.”
The new letter of intent is the latest step in Aker Solutions’ engagement as a key contractor since the greater Kristin area was first developed.
The Kristin Sor project will include deliveries from Aker Solutions in Tranby, Egersund and Agotnes in Norway, Curitiba in Brazil, Reading in the UK and Port Klang in Malaysia.
The manufacturing of the subsea trees will take place at the facility in Curitiba. At peak, around 220 employees from the various locations will work on the project.
The high-pressure, high-temperature Kristin gas-condensate field is located in the Norwegian Sea, off the coast of mid-Norway.
The development is done by operator Equinor and partners Petoro, Var Energi and Total.
The contract award for Kristin Sor is subject to a final investment decision and a final regulatory approval.