Norway's Aker moves deeper into UK market

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Thor Arne Håverstad of Aker Solutions. File photo: Fredrik Varfjell/NTB
09:57 CEST+02:00
Norwegian oil and gas technology company Aker Solutions has won a 2.7 billion kroner ($4.5 billion) contract to supply one of the biggest subsea projects underway in the United Kingdom, the company's most important foreign market.

"This is the single-largest subsea contract that we've won in the UK," Alan Brunnen, head of Aker Solutions' subsea business, said in a statement on Monday.

"It further consolidates our position in the UK, which is our biggest hub outside of Norway."

The Norwegian company said it was gearing up for a 2014 delivery of 25 subsea trees and six template manifolds, along with associated controls, wellheads and tie-in equipment.

"The order includes subsea technologies that are new to the UK market," Aker Solutions elaborated, while declining to name its British client.

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The company employs approximately 28,000 people in more than 30 countries. 

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