Aker Solutions has announced that, in a joint venture with CB&I and WorleyParsons, it has received a front-end engineering and design services contract for Phase-II of the full-field development of the Kashagan oil field in Kazakhstan. The contract value is $135 million.
The scope of work for Phase-II includes the front-end engineering and design (FEED) of both onshore and offshore facilities and pipelines. The FEED contract also includes options for early works, detail engineering, procurement services, technical assistance, and design/system integrity. Additionally, the contract provides for optional FEEDs for the Aktote, Kairan, and Kalamkas oil fields.
According to the company, work on the project, initiated after tender under a letter of intent issued by Agip KCO, began on November 3, 2008 and is expected to be completed in the first quarter of 2010. Additional options might extend the work up to an eight-year period.
Shareholders in the Joint Venture company (K-WAC Limited) are: WorleyParsons Europe Ltd (45%),CB&I UK Ltd (25%), Aker Engineering & Technology AS (30%), said Aker Solutions.
Simen Lieungh, president and CEO of Aker Solutions, said: “We are pleased that we have been awarded this contract for the development of the Kashagan field. The Kashagan field is at the core of the strategy for our international field development business.”
Aker Solutions is part of Aker, a group of premier companies with a focus on energy, maritime and marine resource industries. As an industrial owner controlling 40.27 percent of the shares in Aker Solutions through Aker Holding AS, Aker ASA takes a role in the development of Aker Solutions.