ABB Ltd. (ABB) said Friday it won a $36 million third-quarter order from Aker ASA (AKER.OS) for equipment on a subsea power station run by Statoil ASA (STL.OS).

MAIN FACTS:

- ABB's equipment will ensure reliable power, as well as optimized motor speed and control, for the world's first subsea gas compression system from onboard the Asgard A floating vessel off the northern coast of Norway. The electrical system will be able to transmit 15 megavolt-amperes and 189 hertz, enough to power over 10,000 homes, over a distance of 43 kilometers. Once completed, this will be a world record distance as well as the highest voltage and frequency achieved between a drive on a floating production facility and a compressor on the seabed.

- ABB drives and subsea transformer contribute to extend the productivity, profitability and lifespan of existing offshore oil and gas fields. As extraction gets further away from processing operations, the ability to provide reliable power becomes more challenging.

- ABB has already worked with Aker Solutions on a similar project, to power a subsea water injection system in Statoil's Tyrihans field, 31 km from the surface operating platform.

-Zurich Bureau, Dow Jones Newswires, +41 43 443 80 47; zurichdjnews@dowjones.com