Aker Solutions landed deal with Statoil for its Johan Castberg oil field development in the Barents Sea.
Aker will provide the concept study for a floating production, storage and offloading facility for the site.
“We’ve worked with Statoil for two years on finding a cost-effective solution that will enable development of this strategically important oil field in northern Norway,” said Per Harald Kongelf, head of Aker Solutions’ Norwegian operations.
“The costs have been significantly reduced and we look forward to continuing to work with Statoil to optimize this development.”
The Statoil-operated Johan Castberg field is located about 240 kilometres north-west of Hammerfest.
The deal comes a little more than a month after Aker’s chief executive Luis Araujo warned the company would be forced to cut jobs after missing out on a deal with the Norwegian operator.
Instead, Statoil awarded maintenance work worth NOK24billion to four other companies.
The contractor was forced to issue a statement in the wake of the awards announcement, discussing the financial and personnel fall-out. Araujo branded the move “disappointing”.