Aker BP and Odfjell Technology ink $9 million contract

Norwegian oil and gas player Aker BP has awarded Odfjell Technology with a frame agreement for the provision of heating, ventilation, air conditioning, and refrigeration (HVAC+R) engineering and maintenance services.

The agreement encompasses all of Aker BP’s existing assets, including Ula, Valhall, Ivar Aasen, Edvard Grieg, Skarv, and Alvheim FPSO, with the potential to extend to new assets.

The firm contract period is five years, with two options of three-year extensions.

During the initial five-year period, the contract has an estimated value of NOK 100 million (over $9 million).

Anne Siri Sævareid, EVP of Projects & Engineering at Odfjell Technology, said: “This agreement is a testament to both companies’ shared dedication towards operational excellence. We are honoured to continue this relationship as a long-term partner for Aker BP.”

To remind, offshore rig owner Odfjell Drilling announced plans to spin off its Well Services and Energy segments into the newly established Odfjell Technology at the beginning of 2022.

The company explained that the spin-off enables all parts of the business to think beyond their existing core activities, capabilities, markets, and competitive environment to evolve and strengthen their position to meet the needs of customers in the energy transition phase and towards the anticipated increasing activity levels in the global oil & gas industry.