Aker Solutions wins two-year contract extension from Statoil
FORNEBU, Norway -- Aker Solutions ASA has secured a two-year option agreement extension, valued at $494 million (NOK 3 billion), from Statoil ASA to provide maintenance and modifications work offshore Norway.
The option is part of a 2010 framework agreement to provide maintenance and modifications work on the Statoil-operated offshore installations Snorre A/B, Gullfaks A/B/C, Visund and Åsgard A/B. The agreement was for an initial four years with extension options for a total of four years.
The extension is from August 2014 to August 2016. The contract includes engineering, procurement, construction and installation modification work, as well as corrective maintenance and studies.