Marine Link
Friday, December 9, 2016

Aker Kvaerner and Statoil Sign Agreement

August 24, 2007

Aker Kvaerner has signed a letter of intent with Statoil ASA (STOHF) to enter a five-year frame agreement for the delivery of subsea production systems and related operational services. The agreement will make Aker Kvaerner's subsea division a preferred supplier to deliver complete subsea solutions to Statoil's new field developments as well as additional equipment to new and existing fields. The frame agreement for aftermarket services is valid for new fields.

The agreement for delivery of subsea production systems is awarded for a five year period with an optional period of two x two years. The contract for operational services will run for five years.

The extent of the frame agreement is first and foremost to cover Statoil's needs on the Norwegian continental shelf. However, the agreement can also be made applicable to field developments in other areas of the world. The contract between Statoil and Aker Kvaerner is expected to be signed - and made effective - in the second half of September 2007.



 
Maritime Reporter Magazine Cover Nov 2016 - Workboat Edition

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

Subscribe
Maritime Reporter E-News subscription

Maritime Reporter E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

Subscribe for Maritime Reporter E-News