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2011 June 22   05:07

Aker Solutions opts out of Shtokman contract

Aker Solutions withdraws from a consortium that plans to give a tender for the Shotkman project’s floating production unit, Barents Observer reported.

Aker Solutions was part of a consortium with Technip, SBM Offshore and Daewoo Shipbuilding & Marine Engineering that plans to compete for the contract worth EUR 2bn of a floating production unit for the first development phase of the Shtokman gas field.

Aker Solutions’ subsidiary Aker Kværner had 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 reports.

"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 added.

Holter declined to comment whether other partners in the consortium plan to go further with the tender.

Recently, Gazprom has reportedly applied to have the start-up date for production moved one-two years, as BarentsObserver reported.

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