Aker Solutions estimates that the two-year contract extension will generate revenues of between NOK 700-800 million.

The initial three-year contract period started in 2009. Statoil has now exercised the first of two potential two-year contract options.

Aker Solutions estimates that the two-year contract extension will generate revenues of between NOK 700-800 million.

The contract will occupy around 400 employees, of which approximately 60 per cent will be supporting Statoil offshore. Aker Solutions will manage the agreement from its well service hub at Forus, Stavanger, Norway.

Tags: Aker Solutions, Statoil