Aker Solutions Bags Total Extension
- Business & Finance
Aker Solutions has won a three-year contract extension from Total to provide maintenance and operations services at the Elgin and Franklin fields in the UK North Sea.
According to the company, the work is valued at more than NOK 400 million ($49 million).
“We have a healthy order backlog and solid financial position underpinned by our continuous improvement efforts and consistently strong execution on major projects worldwide,” chief executive officer Luis Araujo said. “We are building on all of this with key collaborations that boost our competitiveness, particularly in the subsea area.”
Elgin and Franklin is a high-pressure / high-temperature (HP / HT) development in the UK North Sea’s Central Graben, approximately 240 kilometers east of Aberdeen and in water 93 meters deep.
Elgin is located in blocks 22/30b, 22/30c and 29/5b. Franklin is located approximately six kilometers south-east of Elgin and lies within block 29/5b.