Aker Solutions ASA: Aker Solutions signs Brasse contract

Brasse is an oil and gas field located 13 kilometers south of the Brage platform. Brasse will be developed as a subsea tieback to Brage and will utilize the existing processing capacity on the platform, where the first production started in 1993.

The tieback demands modifications on the Brage platform. The FEED has been carried out by Aker Solutions. Aker Solutions' scope is to execute engineering, procurement, construction, installation and commissioning on Brage to prepare the topside of the platform for receiving oil and gas from the Brasse field.

"We are continuing to develop a long-term partnership with OKEA as a preferred supplier. Our experience of working as an integrator in projects alongside OKEA, OneSubsea and Subsea7 has shown that together, we are able to find feasible solutions to maximize the utilization of resources in mature areas in a profitable manner. The tieback will contribute to energy security in Europe." said Paal Eikeseth, executive vice president and head of Aker Solutions' Life Cycle segment."

The plan for development and operation (PDO) will be submitted during April and Brasse will be renamed Bestla upon approval of the PDO. The name Bestla originates from Norse mythology and is the name of Odin's mother.

Aker Solutions' Project Management team and key resources will be mainly based in Stavanger and pre-fabrication will be done at Aker Solutions' yard in Egersund. The contract will be booked as order intake in the second quarter of 2024 in the Life Cycle segment.

[1] Aker Solutions defines a sizeable contract as being between NOK 0.5 billion and NOK 1.5 billion ENDS