FPSO installation deal to Aker Solutions
MODEC Offshore Production Systems (Singapore) Pte Ltd. has awarded Aker Marine Contractors a mooring installation contract for hook-up of the Bourgogne FPSO offshore Angola. Contract value is approximately $30 million.
MODEC will supply the PSVM FPSO to BP for the oil company's Plutão, Saturno, Vênus and Marte (PSVM) development in Block 31 offshore Angola. The FPSO will be installed in approximately 2,000 meters water depth and have production capacity of 157,000 bpd.
"This contract represents another significant step forward in our relationship with MODEC," said Erik Wiik, president of subsea North America for Aker Solutions. "After having successfully installed the Jubilee FPSO offshore Ghana for MODEC in July 2010, we are honored that MODEC is once again entrusting us with this critical scope of work. Aker Solutions is well established in Angola with engineering and service capabilities."
On October 22, 2010, Aker Solutions announced that it had agreed to transfer the ownership in Aker Marine Contractors to Singapore listed Ezra Holdings. As part of the agreement, Aker Solutions becomes a substantial shareholder in Ezra. The transaction is expected to be completed during Q1 2011.
By becoming part of Ezra, AMC will have access to a larger and rapidly growing fleet of installation vessels covering all IMR and SURF installation segments - including flexible and rigid pipelay with capacity up to 3,500 meters water depth.
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