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Monday, October 24, 2016

New Contract for Aker Solutions and BP Norway

March 30, 2012

Aker Solutions secures maintenance and modifications contract with BP Norway.


BP has decided to extend the maintenance and modification contract with Aker Solutions (AKSO.OL), exercising an option in the existing agreement for the Ula, Valhall, Skarv, Hod and Tambar fields. Work under the extended contract will last until

Scope of work under the contract includes maintenance support services and brownfield modification projects covering engineering, procurement, fabrication and offshore installation. The contract currently employs approximately 200 people in Stavanger, 20 in Egersund and 300 in offshore rotation. Maintenance and modifications work will help to increase oil recovery rate and extend the life of BP's fields. BP Norway's largest field, Valhall, which came on stream in 1982, is expected to produce until 2050, even though it is one of the oldest fields on the Norwegian continental shelf.

Contract parties are Aker Solutions MMO AS and BP Norway AS.

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