Aker Solutions awarded umbilical contract for Chevron’s Anchor project

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Oslo-based engineering company Aker Solutions has secured an umbilical contract for the Anchor project in the US Gulf of Mexico.

Under the contract, the company will deliver about 24km of 20,000 psi dynamic steel tube- and power umbilicals and distribution equipment for the project.

Aker Solutions will immediately start work on the contract.

The engineering, design and manufacturing of the umbilicals will be performed at the company’s facility in Mobile, Alabama in the US.

The contract is the first work order under the new master agreement between Aker Solutions and US oil and gas major Chevron.

Under the 20-year agreement, Aker Solutions will be responsible for supply of umbilicals for Chevron-operated oil and gas fields in the US Gulf of Mexico.

Aker Solutions chief executive officer Luis Araujo said: “We are honored to have entered this master order with Chevron and to have been awarded the Anchor work order.

“This demonstrates the mutual trust between the two organizations, as well as the capabilities and experience of our umbilicals manufacturing organization in the US.”

The master agreement is expected to become a foundation for a long-term collaborative relationship for both Chevron and Aker Solutions, incentivizing the companies to jointly improve long-term performance both technically and commercially.

Chevron’s Anchor project details

The Anchor field is in Block 807 of the Green Canyon Protraction Area, nearly 225km offshore Louisiana at a water depth of 1,524 meters.

A final investment decision on the development of the project was made in December 2019.

To be developed with a cost of about $5.7bn, the Anchor project is expected to produce first oil in 2024.

With a stake of 62.86%, Chevron USA is the operator of the field, which is estimated to contain total recoverable resources of more than 440 million barrels.

Total E&P USA owns the remaining stake in the field.