Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Oslo Bors  >  Akastor ASA    AKA   NO0010215684

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 

Aker Solutions ASA : Aker Solutions wins Svalin umbilical contract

share with twitter share with LinkedIn share with facebook
share via e-mail
0
04/23/2012 | 09:39am CET
"

We are very pleased to be awarded another contract on the Norwegian Continental Shelf and look forward to supporting Subsea 7 with this Statoil fast-track project.

"

Scope of work includes a six kilometre long control umbilical, connectors, engineering and project management.

"We are very pleased to be awarded another contract on the Norwegian continental shelf and look forward to supporting Subsea 7 with this Statoil fast-track project," says Tove Røskaft, executive vice president of Aker Solutions' umbilical business.

Management, engineering and procurement of the umbilical will be performed at Aker Solutions' headquarters in Fornebu, Norway. Manufacturing will take place in Moss, Norway.

Svalin is a fast-track oil field project located in the middle part of the North Sea, about eight kilometres southwest of the Grane field and 185 kilometres west of Haugesund. The water depth is approximately 120 metres.

In December 2011, Statoil awarded Aker Solutions the contract for engineering, procurement and construction of the subsea production system for the Svalin project. The contract value was approximately NOK 400 million.

Subsea umbilicals are deployed on the seabed to supply necessary controls and chemicals to subsea oil and gas wells, subsea manifolds and any subsea system requiring a remote control. The Svalin umbilical will be delivered in Q2 2013.

Aker Solutions' contract party is Aker Subsea AS.

ENDS

For further information, please contact:

Media:
Severin Roald, Vice President Communications, Aker Solutions. Tel: +47 22 94 55 23, Mob: +47 92 03 00 33, E-mail: severin.roald@akersolutions.com

Investor relations:
Astrid Thommesen Sæbø, Vice President Investor Relations, Aker Solutions. Tel: +47 22 94 63 37, Mob: +47 48 17 00 35, E-mail: astrid.thommesen.saebo@akersolutions.com

Suppliers:
For further information about sourcing and potential subcontracts for this project, please visit www.akersolutions.com/suppliers

Career opportunities:
Visit http://www.akersolutions.com/careers

Aker Solutions provides oilfield products, systems and services for customers in the oil and gas industry world-wide. The company's knowledge and technologies span from reservoir to production and through the life of a field.

Aker Solutions brings together engineering and technologies for oil and gas drilling, field development and production. The company employs approximately 23 500 people in more than 30 countries. They apply the knowledge and create and use technologies that deliver their customers' solutions.

Aker Solutions ASA is the parent company in the group, which consists of a number of separate legal entities. Aker Solutions is used as the common brand and trademark for most of these entities. In 2011 Aker Solutions had aggregated annual revenues of approximately NOK 36.5 billion. The company is listed on the Oslo Stock Exchange.

This press release may include forward-looking information or statements and is subject to our disclaimer, see www.akersolutions.com.

distributed by
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on AKASTOR ASA
01/18 AKASTOR : Aker Solutions Joins International Association of Oil & Gas Producers
01/06 AKASTOR ASA : Akastor completes transaction to join Frontica Advantage with NES ..
2016 COGNIZANT TECHNOLOGY : Acquires frontica unit
2016 AKASTOR : Advancing the Next Generation in Subsea Compression Technology
2016 AKASTOR : Nimbler New Low-Cost Platform Unlocks Marginal Fields
2016 COGNIZANT TECHNOLOGY : To buy norwegian company for $128 million
2016 AKASTOR ASA : Akastor agrees to sell Frontica IT business to Cognizant
2016 Dof subsea rederi as - sale of skandi santos.
2016AKASTOR ASA : half-yearly earnings release
2016 Statoil gets head start with Johan Sverdrup platforms
More news
Sector news : Oil Related Services and Equipment - NEC
05:18p Halliburton says North America revenue growth may beat rig count rise
05:13pDJMARKET SNAPSHOT : Stock Market Slumps As Trump Uncertainty Rattles Investors
01:52pDJHALLIBURTON : Posts a Loss But Points to Positive North American Energy Market
01/20DJSCHLUMBERGER : U.S. Oil Producers Ramp Up Spending--Update
01/20DJSCHLUMBERGER : Looks Towards Growth After Posting Another Quarterly Loss -- Upda..
More sector news : Oil Related Services and Equipment - NEC
News from SeekingAlpha
2016 AKASTOR reports Q3 results
2016 Akastor's (AKKVF) CEO Kristian Røkke on Q2 2016 Results - Earnings Call Trans..
2016 AKASTOR reports Q2 results
2016 Akastor misses by $0.56, misses on revenue
2016 AKASTOR ASA ASA reports Q4 results
Advertisement
Financials ( NOK)
Sales 2016 8 762 M
EBIT 2016 -625 M
Net income 2016 -1 230 M
Debt 2016 3 241 M
Yield 2016 -
P/E ratio 2016 -
P/E ratio 2017
EV / Sales 2016 0,89x
EV / Sales 2017 1,08x
Capitalization 4 548 M
More Financials
Chart AKASTOR ASA
Duration : Period :
Akastor ASA Technical Analysis Chart | AKA | NO0010215684 | 4-Traders
Full-screen chart
Technical analysis trends AKASTOR ASA
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 11
Average target price 13,7  NOK
Spread / Average Target -17%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Kristian Monsen Røkke Chief Executive Officer
Frank Ove Reite Chairman
Leif Hejø Borge Chief Financial Officer
Øyvind Eriksen Director
Sarah Elizabeth Ryan Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
AKASTOR ASA-5.56%541
SCHLUMBERGER LIMITED.3.03%120 334
HALLIBURTON COMPANY4.36%48 798
BAKER HUGHES INCORPORA..-4.60%26 205
NATIONAL-OILWELL VARCO..4.38%14 760
CORE LABORATORIES N.V.2.73%5 440
More Results