Tunisian subsea project to Aker Solutions

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9 September 2008

Aker Solutions has been awarded a contract to supply a subsea production system to Storm Ventures International (Barbados) Ltd's Cosmos South development offshore Tunisia. Contract value is undisclosed.

Scope of work for the contract is three subsea trees, subsea control systems and tie-in and connection system. The subsea production system will be installed in approximately 100 metres water depth in the Gulf of Hammermet offshore Tunisia.

At the centre of the delivery is Aker Solutions' RapidSolution programme. RapidSolution is a pre-stocked and pre-configured well system that offers significant reduction in lead times and which fits 80 percent of all subsea fields.

"With today's exeptionally high oil prices, the drive to get to 'first oil' is more important than ever. The RapidSolution programme is our answer to the market," says Svenn Ivar Fure, senior vice president for Trees / Processing & Boosting in Aker Solutions. "The decision we made in May to double the size of the programme was certainly the right one."

Subsea trees will be manufactured at Tranby, Norway, and subsea controls in Aberdeen, UK. First deliveries are scheduled for Q2, 2009.

RapidSolution is a complete subsea well system based on Aker Solutions' standard configurable tree. The solution is built specifically for subsea developments with short lead time and tie-backs when developing resources close to existing offshore installations.

Contract party is Aker Solutions subsidiary Aker Subsea AS.

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