Norwegian energy giant Equinor has offered a letter of award (LOA) to Aker Solutions for a subsea production system and control umbilical.

The LOA is related to the Eirin field development, which is located offshore Norway in the North Sea.

Aker Solutions explained that the development concept is a subsea tie-back to the Gina Krog platform and will use the existing facilities and infrastructure.

Final investment decisions, contract discussions, and Equinor and partners' approval are necessary for the development before the final contract is awarded.

If Aker Solutions receives the final contract, the company anticipates booking a sizable order valued at between NKr500m ($47m) and NKr1.5bn ($142m).

The scope of work includes a complete subsea production system that consists of two vertical subsea trees, one 2-slot template with a manifold and HIPPS, a control system, a control umbilical, as well as auxiliary machinery.

Major deliveries are scheduled for 2024 and 2025.

Aker Solutions subsea business executive vice president and head Maria Peralta said: “This contract once again demonstrates the value of our configurable subsea offering and the benefits of the portfolio approach in our execution.

“Standardisation enhances supply chain flexibility and enables us to deliver our solutions faster to the market. We look forward to supporting Equinor and its partners in creating value on this important fast-track subsea project.”

North of the Sleipner and Gina Krog field, the Eirin field was first discovered in 1978.

The field, which is owned by Equinor (operator) and Kuwait Petroleum, is expected to start commercial production in 2028.