Aker Solutions backs out of Shtokman contract

Aker Solutions was part of a consortium with Technip, SBM Offshore and Daewoo Shipbuilding & Marine Engineering that plans to compete for the contract of a floating production unit for the first development phase of the Shtokman gas field.

The contract had a NOK 16 billion (app € 2 bill) value.

Aker Solutions’ daughter company Aker Kværner had just completed the initial planning of a new production unit but will not continue the work by delivering a tender for the Shtokman contract, Teknisk Ukeblad writes.

- Before we put in a tender for a project, we always evaluate the commersiality of the project and consider each project up against other possibilities, says director of information in Kværner, Mariken Holter. – We did that also in this case, and have concluded that we will not put in a tender for the contract, she adds.

Holter does not want to comment whether the other partners in the consortium plan to go further with the tender.

Recently it became known that license holder of the Shtokman project Gazprom has applied to have the start-up date for production moved one-two years, as BarentsObserver reported.