2012-03-30 12:34:06 -
30 March 2012 - BP has decided to extend the maintenance and modification
contract with Aker Solutions, exercising an option in the existing agreement for
the Ula, Valhall, Skarv, Hod and Tambar fields. Work under the extended contract
will last until April 2014, and the contract value is estimated to be in the
range of NOK 0,8 to 1,2 billion.
The original maintenance and modification contract was signed in 2005.
"We are very pleased that BP, a key player on the Norwegian continental shelf,
renews its trust in our services. This extension ensures the basis for continued
development of our relationship with BP," says head of Aker Solutions'
maintenance, modifications and operations business, Tore Sjursen.
Scope of work under the contract includes maintenance support services and
brownfield modification projects covering engineering,
and offshore installation. The contract currently employs approximately 200
people in Stavanger, 20 in Egersund and 300 in offshore rotation.
Maintenance and modifications work will help to increase oil recovery rate and
extend the life of BP's fields. BP Norway's largest field, Valhall, which came
on stream in 1982, is expected to produce until 2050, even though it is one of
the oldest fields on the Norwegian continental shelf.
"Aker Solutions is also proud to be the modification services provider to BP's
great new Skarv development off the coast of Nordland. This is an important
contract for the build up of our activities in Sandnessjøen," says Sjursen.
Contract parties are Aker Solutions MMO AS and BP Norway AS.
For further information, please contact:
Cathrine Gjertsen, communications manager, Aker Solutions. Tel:
+47 51 85 25 30, Mob: +47 99 49 25 37, E-mail:
Lasse Torkildsen, SVP Investor Relations, Aker Solutions. Tel: +47 67 51 30 39,
Mob: +47 91 13 71 94, E-mail: email@example.com
For further information about sourcing and potential subcontracts for this
project, please visit www.akersolutions.com/suppliers
Aker Solutions provides oilfield products, systems and services for customers in
the oil and gas industry world-wide. The company's knowledge and technologies
span from reservoir to production and through the life of a field.
Aker Solutions brings together engineering and technologies for oil and gas
drilling, field development and production. The company employs approximately
23 500 people in more than 30 countries. They apply the knowledge and create and
use technologies that deliver their customers' solutions.
Aker Solutions ASA is the parent company in the group, which consists of a
number of separate legal entities. Aker Solutions is used as the common brand
and trademark for most of these entities. In 2011 Aker Solutions had aggregated
annual revenues of approximately NOK 36.5 billion. The company is listed on the
Oslo Stock Exchange.
This press release may include forward-looking information or statements and is
subject to our disclaimer, see www.akersolutions.com.
This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Aker Solutions ASA via Thomson Reuters ONE