ABB said it has won an order worth about $36 million from oil services company Aker Solutions to provide drives and transformers to their subsea power distribution system for the Asgard subsea oil and gas field operated by Norway's Statoil. The order was booked in the third quarter.

ABB's equipment will ensure power as well as optimized motor speed and control, for the world's first subsea gas compression system from onboard the Asgard A floating vessel off the northern coast of Norway. The electrical system will be able to transmit 15 megavolt-amperes and 189 hertz, enough to power over 10,000 homes, over a distance of 43 kilometers. Once completed, this will be a world record distance as well as the highest voltage and frequency achieved between a drive on a floating production facility and a compressor on the seabed.