Aker Solutions won a contract from Statoil to conduct an extended concept study for the floater for the Johan Castberg oilfield development in the Barents Sea. The contract, worth NOK 250 million, includes options for further work.

"This is an exciting opportunity to take part in the development of a major new oil field in northern Norway," says Per Harald Kongelf, regional president for Norway at Aker Solutions.

Aker Solutions has previously conducted concept studies for the Johan Castberg field, which is estimated to hold between 400 million and 600 million barrels of oil. The Statoil-operated field is located about 240 kilometres north-west of Hammerfest.