Point Resources extends maintenance and modifications deal with Aker Solutions

  • Business & Finance

Oil and gas company Point Resources has executed the remaining part of the option for the maintenance and modifications contract with Norwegian oil services company Aker Solutions.

Jotun A with Jotun B in the background
Jotun A with Jotun B in the background. Photo: Point Resources

The EPC O&M contract between Point Resources and Aker Solutions was first signed in June 2012, covering the Jotun A, Jotun B, Balder and Ringhorne operating facilities in the North Sea. The contract extension starts at year-end and runs until June 2022,  Aker Solutions said on Thursday,

Knut Sandvik, EVP Projects at Aker Solutions, said: “Through our ongoing work with Point Resources, our dedicated on- and offshore teams will continue to deliver great HSSE results and high-quality projects for many years to come.”

He continued: “Aker Solutions has now delivered maintenance and modifications work continuously at these offshore facilities for more than 20 years. It’s a great testament to the quality of service our teams have provided. We look forward to using our experience to help Point Resources during the coming years.”

Point Resources is a mid-sized, independent exploration and production company, built mainly on the heritage of ExxonMobil’s more than 50 years of operations on the Norwegian Continental Shelf.

Namely, Point in November 2017 took over ExxonMobil’s Balder, Ringhorne, Ringhorne East, Jotun, and Forseti fields located on the Norwegian Continental Shelf.

Aker Solutions added that the order will be booked in the third quarter 2018.

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