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| Aker Solutions signs subsea contract with CNOOC Norway's Aker Solutions has signed a subsea contract with the state-owned oil company China National Offshore Oil Corporation (CNOOC) to supply a subsea production system for the Yacheng 13-4 gas field. Both parties inked the contract at an official signing ceremony at Zhanjiang, China. The contract, valued at approximately USD 20 million, is the first subsea production system contract Aker Solutions has signed with CNOOC. It marks a successful entry into China's subsea market. The field development is located in the north of South China Sea, approximately 72 kilometres southwest of Sanya City, Hainan Province of the People's Republic of China. The field's water depth is approximately 90 metres. Deliveries are expected to begin in the third quarter of 2011. The project will be delivered out of Aker Solutions high-tech subsea manufacturing centre in Port Klang, Malaysia. This is the only facility in the world where a complete subsea production system can be manufactured in one location. The contract party is Aker Solutions Malaysia Sdn Bhd. write your comments about the article :: © 2010 Construction News :: home page |