Aker Solutions signs US$675 million frame agreement contract with Statoil


Aker Solutions signs US$675 million frame agreement contract with Statoil

Statoil has awarded Aker Solutions a frame agreement for maintenance and modifications on their offshore installations Snorre A/B, Gullfaks A/B/C, Visund and Åsgard A/B in Norway. The contract period is for four years and includes options for further extensions up to four years. The yearly volume of the contract will fluctuate, but Aker Solutions estimates the typical volume to be approximately NOK 1.1 billion per year.

"We are very pleased that we have been awarded these parts of Statoil's maintenance and modifications (M&M) frame agreements portfolio. It falls within our core business and will be delivered from our following main locations; Stavanger, Bergen and Trondheim, all are strong local hubs for our operations along the Norwegian west coast", says Stian Vemmestad, president of Maintenance, Modifications and Operations in Aker Solutions.
Statoil announces today, the new frame agreements for their entire M&M portfolio on the Norwegian Continental Shelf (NCS). Aker Solutions is a key provider within MMO services in the North Sea, and has a long track record in undertaking maintenance and modifications services on several of Statoil's offshore installations on the NCS and onshore plants.
Scope of work will typically involve engineering, procurement, construction, installation (EPCI) and completion of modifications, maintenance, studies and prefabrication.

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