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Illustration: Aker BP
This include the FEED for the NOA processing, drilling and quarters platform (PdQ) and for the normally unmanned Frøy wellhead platform (NUI), both operated by Aker BP. The FEED contracts make Aker Solutions well positioned for further contracts if the field development moves into the execution phase in 2022. They could potentially represent a value of more than NOK 10 billion for Aker Solutions, subject to final investment decision.
The FEED contracts are awarded to Aker Solutions as part of the Fixed Facilities Alliance between Aker BP, Aker Solutions and Siemens Energy. The scope of the FEED for the NOA PdQ is expected to include a topside weighing about 22-24,000 metric-tons and a jacket substructure weighing about 15,000 metric-tons. The scope of the FEED for the Frøy NUI includes a topside weighing about 2,000 metric-tons and a jacket substructure with operational weight of about 4,500 metric-tons.
The Frøy NUI will be a close copy of the Hod B wellhead platform delivered by Aker Solutions in July 2021. It will be the third wellhead platform project delivered by the Fixed Facilities Alliance established in the spring of 2017.
The award follows the successful completion of the front-end concept and study phase, and the work starts immediately with planned completion at the end of the third quarter of 2022. The FEED work will be led by Aker Solutions’ offices in Fornebu, Norway, with a share of the engineering executed from Mumbai, India.
"We are looking forward to working together with Aker BP and our alliance partners on this significant field development, and to mature the project towards final investment decision. This major project is likely to have significant positive effects on employment in our operations in Norway and shows the importance of our strong front-end capabilities," said Sturla Magnus, executive vice president and head of Aker Solutions' topside and facilities business.
On the other hand, Subsea 7 today announced the award of a contract by Aker BP for the front-end engineering and design (FEED) study for the NOA Fulla development project, offshore Norway. NOA Fulla is located in the southern part of the NOAKA area in the Norwegian North Sea.
The awarded work is required to finalise the technical definition of the proposed development prior to Aker BP and its partners making the final investment decision (FID) late 2022. The FEED study will begin immediately.
Subsea 7 has recognised the FEED award in its order backlog in the third quarter of 2021. The value of a potential subsequent EPCI contract would only be recognised by Subsea 7 in its backlog upon FID, and would represent a substantial1 project award.
Project management and engineering will take place in our office in Stavanger, Norway. Offshore installation activities would be scheduled for 2025, 2026 and 2027.
Monica Bjørkmann, Vice President for Subsea 7 Norway said: “This award continues our long-standing collaboration with Aker BP, through the Aker BP Subsea Alliance2. The partnership enables Subsea 7 to engage early in the field development process, optimising design solutions and contributing to the final investment decision. We are delighted to continue our alliance with Aker BP for the NOA Fulla development, which is of significant importance for all partners in the Subsea Alliance. Subsea 7 looks forward to working closely with Aker BP to successfully deliver our scope with safety and quality at the forefront throughout.”
(1) Subsea 7 defines a substantial contract as being between USD 150 million and USD 300 million.
(2) The Aker BP Subsea Alliance is a partnership between Aker BP, Subsea 7 and Aker Solutions.
It remains to be seen if both Aker Solutions and Subsea 7 are competing for the same work package or will see the work packs being distributed between the two by Aker BP
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