Aker Solutions Bags Two-Year Option Extension from Statoil

  • Business & Finance

Aker, Solutions, Bags, Two, Year, Option, Extension, Statoil

Aker Solutions ASA secured a two-year option agreement extension valued at 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 (EPCI) modification work, as well as corrective maintenance and studies.

Press Release, November 22, 2013

 

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