Aker Solutions secured a contract from Statoil to deliver a compression module for the Troll field in the North Sea to help boost output at one of Norway's key offshore fields.
The contract is valued at US$44.9 million (NOK370 million) and is an option in a front end engineering and design agreement awarded to Aker Solutions in January.
The scope is for engineering, procurement, construction and installation to boost the gas treatment capacity at Troll B to increase oil recovery.
"This project has targeted key cost savings to create the sustainability the industry depends on and is looking for during these challenging times," said Knut Sandvik, head of Aker Solutions' maintenance, modifications and operations business.
The engineering work will be carried out by Aker Solutions in Bergen and module construction will start at the company's yard in Egersund in 2017. The module will be delivered in the third quarter of 2018.