Aker Solutions has been signed for the front-end engineering and design study contract with the Norwegian government's carbon-technology incubator company Gassnova to identify a suitable process for the sub-sea storage of captured carbon-dioxide.

The contracted study will earn Aker Subsea in Oslo 12 million kroner by mid-2009.

"It might be a relatively small market now, but this technology has great future potential," a statement said.

The news follows an announcement Friday that Aker Clean Carbon, with Aker Solutions as commercial partner, has been awarded a contract from Gassnova to build the European carbon-dioxide Test Centre Mongstad in southwestern Norway.

Tags: Aker Subsea