The international oil services provider Aker Solutions has signed a frame agreement with Shell for the delivery of subsea umbilicals and cables globally.

The size of the frame agreement is dependent on call-offs and the number of projects that Shell decides to execute. However, Aker Solutions estimates that the frame agreement could generate revenues between USD 200 and USD 400 million. Order intake will be booked whenever the specific contracts are signed.

The Enterprise Framework Agreement (EFA) with Shell is signed for the duration of five years with an option for an additional five years. Aker Solutions will deliver dynamic and static steel tube umbilicals for both shallow and deepwater applications.

Tags: Aker Solutions, Shell