Aker Solutions Gets Letter of Intent for Decommissioning Project
March 18 2021 - 5:54AM
Dow Jones News
By Dominic Chopping
Aker Solutions ASA said Thursday that it has signed a letter of
intent with Heerema Marine Contractors for decommissioning work
related to the Heimdal and Veslefrikk fields, offshore Norway.
The company said the contract is "sizable," which it defines as
being between 200 million and 700 million Norwegian kroner ($23.8
million-$83.2 million).
The scope includes reception, dismantling and recycling of three
offshore installations from the Heimdal and Veslefrikk fields. The
total weight of these installations is around 68,000 metric tons,
and the objective is to recycle about 98% of all the materials, it
said.
Both Heimdal and Veslefrikk are Equinor-operated oil-and-gas
fields in the northern part of the North Sea and have been in
operation since the 1980s.
The Heimdal and Veslefrikk platforms will be recycled at Aker
Solutions' decommissioning facilities at Eldoyane in Stord, Norway.
Early-phase engineering will begin in 2022 and the structures are
currently anticipated to arrive at Stord between 2024 and 2026,
with project completion in 2027, it said.
The award will be booked as order intake when the contract is
finally signed later this year.
Write to Dominic Chopping at dominic.chopping@wsj.com
(END) Dow Jones Newswires
March 18, 2021 05:39 ET (09:39 GMT)
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