Subsea Umbilical Frame Agreement
Aker Solutions has signed a frame agreement with Shell Norway and Shell U.K. Limited for the supply of subsea umbilicals. The contract is awarded for one year with an option to extend it an additional 12 months.
The award means that Aker Solutions (AKSO.OL) will be the preferred supplier of steel tube umbilicals for projects in the North Sea that are managed by Shell's Norwegian and UK operations. Aker Solutions has held similar frame agreements with Shell UK since 2001.
"We have delivered several well-functioning umbilical systems to Shell already. We are therefore in a position where we can look at re-using previous solutions. This can both reduce risk and speed up delivery time, which will be an advantage for both Shell and ourselves," said Svein Haug, senior vice president for Umbilicals, Aker Solutions.
The steel tube umbilicals for Shell's projects will be manufactured at Aker Solutions' purpose-built facility in Moss, Norway. Engineering and project management will be run from Oslo, Norway. Contract party is Aker Subsea AS.