Aker Solutions will provide engineering, procurement and management assistance services for five years at the Statoil-operated Johan Sverdrup development in the Norwegian North Sea.

The EPMA work, valued at NOK 4.5 billion, is part of a 10-year framework accord announced in December 2013 and comes after Statoil decided to exercise an option. The assignment will last through 2019 and covers work in the development's first phase.

"Johan Sverdrup will define the oil industry in Norway and play a large part in our company's growth for years to come," said Luis Araujo, Aker Solutions' chief executive officer. "We are sparing no effort and working in close cooperation with the field's partners to ensure the development is second to none."

Tags: Aker Solutions