Aug 22 | 2019
Umbilicals for Dalma Gas Development
Norwegian oil services firm Aker Solutions has signed a contract with state-run energy firm Abu Dhabi National Oil Co. to deliver subsea umbilicals for the Dalma gas project in offshore UAE.
The project will involve breakbulk handling in shallow waters of the Persian Gulf and will involve transport of four steel tube umbilicals, totalling more than 100 kilometers.
"This is the first subsea umbilical award by ADNOC in the UAE and the first subsea award for Aker Solutions in the Persian Gulf. We are very pleased with the opportunity to further develop our relationship with ADNOC and to demonstrate our umbilical capabilities in the region,” said Luis Araujo, CEO of Aker Solutions.
NOK 700 Million
Providing infrastructure to connect subsea equipment to three new wellhead platforms, the umbilical system will provide power supply, communication services and chemical injection fluids.
“Aker Solutions' facility in Mobile, Alabama, in the United States will support by performing the design, engineering and manufacturing of the umbilical system. The work will start up immediately and be finalized in the first quarter 2021,” a spokesperson said.
Once complete the umbilicals will join topside equipment located on the offshore control platform to equipment located onshore. Aker estimates the contract value at NOK 700 million.
‘Strong’ First Half
Headquartered in Oslo, Aker Solutions provides oilfield products, systems and services for the global oil and gas industry and has particular expertise in subsea, surface, concept and decommissioning. The group recently announced "strong" revenues for the first half of the year, with EBITDA of NOK 623 million and a total orders of NOK 3.8 billion in the quarter.
"While the market remains very competitive … We continue to see demand for studies and front-end work for larger and more complex projects. This puts us in a strong position to secure more work in future phases,” Araujo said.
In total, the firm won 46 front-end orders in the period, bringing the total for the first half of the year to 74, with nearly one-third of those orders from outside the Norwegian continental shelf.
The project will involve breakbulk handling in shallow waters of the Persian Gulf and will involve transport of four steel tube umbilicals, totalling more than 100 kilometers.
"This is the first subsea umbilical award by ADNOC in the UAE and the first subsea award for Aker Solutions in the Persian Gulf. We are very pleased with the opportunity to further develop our relationship with ADNOC and to demonstrate our umbilical capabilities in the region,” said Luis Araujo, CEO of Aker Solutions.
NOK 700 Million
Providing infrastructure to connect subsea equipment to three new wellhead platforms, the umbilical system will provide power supply, communication services and chemical injection fluids.
“Aker Solutions' facility in Mobile, Alabama, in the United States will support by performing the design, engineering and manufacturing of the umbilical system. The work will start up immediately and be finalized in the first quarter 2021,” a spokesperson said.
Once complete the umbilicals will join topside equipment located on the offshore control platform to equipment located onshore. Aker estimates the contract value at NOK 700 million.
‘Strong’ First Half
Headquartered in Oslo, Aker Solutions provides oilfield products, systems and services for the global oil and gas industry and has particular expertise in subsea, surface, concept and decommissioning. The group recently announced "strong" revenues for the first half of the year, with EBITDA of NOK 623 million and a total orders of NOK 3.8 billion in the quarter.
"While the market remains very competitive … We continue to see demand for studies and front-end work for larger and more complex projects. This puts us in a strong position to secure more work in future phases,” Araujo said.
In total, the firm won 46 front-end orders in the period, bringing the total for the first half of the year to 74, with nearly one-third of those orders from outside the Norwegian continental shelf.
