Aker Solutions has been a key part of Norway’s offshore industry since before oil was even found. We delivered the rig that discovered the giant Ekofisk deposit in the North Sea in 1969. That field is still going strong and so are we. Building on 175 years of technological and engineering excellence, we are now driving development to help solve the world’s energy needs safely and sustainably.

Worldwide. Operations in more than 20 countries.

Expertise. From subsea to surface and concept to decommissioning, our technical expertise and strong partnerships provide energy companies what they need to succeed. Our long history of engineering for the most challenging environments delivers superior performance for customers and shareholders worldwide.

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Subsea

We cover all phases of a subsea field’s life. We design and make what’s needed to bring subsea fields into production and then we support and maintain what is in place. We deliver single equipment or complete systems. We handle the whole project, including engineering, procurement, construction, installation and commissioning. We deliver the cutting edge in compression systems, subsea trees, controls, workover systems, manifolds, power cables, umbilicals, tie-ins and connections.

Field design

We offer a full range of field design services through our engineering business and maintenance, modifications and operations (MMO) division. We deliver front end engineering design (FEED), detail engineering, procurement services and construction management assistance. We also provide maintenance and modifications services on existing installations, including technical studies, asset integrity management, hook-ups and decommissioning.

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FRONT END SPECTRUM

Our Front End Spectrum team draws on expertise from across the company to provide planning and feasibility and concept studies for all field types at all stages. We are able to significantly maximize value when we engage with customers early in a project and can evaluate the overall potential. This early, integrated approach helps ensure all parts of a development are designed to work together optimally to bring down costs and boost productivity.

2015 Highlights

Johan Sverdrup

Aker Solutions in January won a NOK 4.5 billion five-year engineering contract from Statoil for work on the Johan Sverdrup field, Norway’s largest oil find in three decades.

Executive Team

Tore Sjursen, a 29-year company veteran, was in April named executive vice president for operational improvement and risk management. He will develop and lead companywide improvement agendas. Knut Sandvik succeeded him as head of maintenance, modifications and operations.

Mexico

The company in June won its first order for a project off Mexico from Saipem to supply umbilicals for the Pemex-operated Lakach deepwater natural-gas field. The Gulf of Mexico field is about 98 kilometers offshore in 1,200 meters of water.

Baker Hughes

Aker Solutions and Baker Hughes agreed in June to cooperate on early-phase studies to help customers improve the economics and value of oil and gas field developments. The companies in 2014 formed the Subsea Production Alliance.

Europe and Africa

David Clark was named regional head of Europe and Africa in September. Based in London, Clark has more than 30 years of industry experience.

Subsea Compression

The world’s first subsea compression system went on stream in September at Statoil’s Åsgard field in the Norwegian Sea. Placing a compressor on the seabed instead of a platform boosts recovery rates, reduces costs, minimizes the environmental footprint and is safer to operate.

Malaysia

Aker Solutions in October won a contract from Murphy Sabah Oil Co., Ltd. for the subsea production system at the Rotan deepwater natural gas development offshore Malaysia.

MAN Diesel

Aker Solutions and MAN Diesel & Turbo in October formed an alliance to develop new, cost-effective subsea compression systems, building on experience and cooperation from the delivery of the world’s first such full-scale system at Åsgard.

Capacity

The company reduced its global workforce by 15 percent in 2015 to adjust to a market slowdown. About two-thirds of the reductions were in the Norwegian MMO and subsea businesses.

Vision

Aker Solutions in November presented its new vision to be a leader in forging a sustainable future for the global energy industry and the world it serves.

BP Norway

Aker Solutions in November won a framework contract spanning as many as nine years for maintenance and modifications services at BP-operated oil and gas fields offshore Norway. The companies have worked together in Norway for more than 20 years.

Improvement

The company in November incorporated existing initiatives into one global program named #thejourney, which targets an improvement in cost-efficiency of at least 30 percent across the business.

Africa

Key 2015 deliveries included equipment to start drilling in November at the Kaombo development in Angola and components to enable first oil production in December at the Moho field in Congo. Subsea projects in Africa comprised the largest share of the order backlog at year-end.

Saipem

In December, the company and Saipem agreed to work together on targeted subsea projects worldwide, combining Aker Solutions’ subsea capabilities with the Italian oil and gas contractor’s range of subsea engineering through installation services.

Key Figures

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1) Includes special items
2) Proposed dividend for 2015

Subsea

Field Design