Statoil Awards Aker Maritime With Two Contracts

Wednesday, February 20, 2002
Statoil has awarded Aker Maritime two large contracts for maintenance and modification work on its fields in the Tampen area of the North Sea and the Halten Bank/Nordland area of the Norwegian Sea. Including options, the contracts run for up to 11 years, and have a combined value of around $1 billion. The contracts consist of frame agreements for the maintenance and modification work to be carried out on the installations operated by Statoil in both the Tampen area and the Halten Bank/Nordland area. The Tampen area includes the Statfjord A, B and C platforms and the Gullfaks A, B and C platforms. The options cover work on the Snorre TLP, Snorre B and Visund platforms when Statoil takes over as operator of these fields. The Halten Bank/Nordland area covers the platforms on the Åsgard , Heidrun and Norne fields. Aker Maritime's subsidiaries are to merge with Kværner's oil and gas companies in March, but long before the merger was agreed, both Kværner and Aker Maritime submitted competing bids for this work, which were separately evaluated. After the merger has been implemented, the work will be carried out with the support of large parts of the new joint organisation. The award therefore gives the new Aker Kværner AS a very important economic basis for the further development of the company's operations.

The contract party for the work in the Tampen area is the Aker Maritime subsidiary Aker Offshore Partner. The contract will employ around 600 people each year of the contract period, mainly from the new Aker Kværner companies in Stavanger and Bergen. The assignment has a total value of $784 million. The contract for the Halten Bank/Nordland area has been awarded to the Aker Reinertsen joint venture, the partners in which are Aker Maritime and Reinertsen AS. The contract will employ around 250 people each year of the contract period, mainly Aker Maritime and Reinertsen employees in mid Norway including the Kristiansund area. The assignment has a total value of around $285 million. The joint venture will also call on subcontractors, especially from this region.


Contracts

Weak Freight Rates push Grindrod to H1 loss

Africa's biggest shipping group Grindrod reported a first-half loss on Thursday, pressured by low global growth and declining dry bulk shipping rates but it expects

J.F. Lehman Acquires Oldenburg's Heavy Equipment Group

J.F. Lehman & Company (JFLCO) informs it has signed a definitive agreement with Oldenburg Group Incorporated to acquire its Heavy Equipment Group, including both its defense and mining business units.

New Crane Orders for Huisman

Huisman has secured new crane contracts with a total value of around 300 million Euro from various major offshore, shipping and wind farm installation contractors: •

Cruise Ship Trends

Lucas Marine, Harbor Breeze Cruises Partner to Cut Fuel Costs

Lucas Marine is partnering with Harbor Breeze Corporation to help reduce the yacht charter and cruise company's fuel costs, maintenance and environmental impact in Los Angeles and Long Beach Harbors.

Pods Versus Water Lubricated Props

Thordon Bearings has called on the marine industry to investigate the characteristics of both conventional seawater-lubricated propeller shaft systems and podded

Grand Bahama Shipyard Adds Four Executives

Grand Bahama Shipyard Limited (GBSL), a Caribbean shipyard providing retrofit, refurbishment and revitalization to cruise and commercial vessels, has added four

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Naval Architecture Navigation Offshore Oil Pod Propulsion Port Authority Ship Repair
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0761 sec (13 req/sec)