Statoil has awarded Aker Solutions a frame agreement for maintenance and modifications on their offshore installations Snorre A/B, Gullfaks A/B/C, Visund and Åsgard A/B in Norway. The contract period is for four years and includes options for further extensions up to four years. The yearly volume of the contract will fluctuate, but Aker Solutions estimates the typical volume to be approximately NOK 1.1 billion per year.

"We are very pleased that we have been awarded these parts of Statoil's maintenance and modifications (M&M) frame agreements portfolio. It falls within our core business and will be delivered from our following main locations; Stavanger, Bergen and Trondheim, all are strong local hubs for our operations along the Norwegian west coast," said Stian Vemmestad, president of Maintenance, Modifications and Operations in Aker Solutions.

Statoil announced that the new frame agreements for their entire M&M portfolio on the Norwegian Continental Shelf (NCS). Aker Solutions is a key provider within MMO services in the North Sea, and has a long track record in undertaking maintenance and modifications services on several of Statoil's offshore installations on the NCS and onshore plants.

"We are pleased that Statoil renews their trust in our services. Our core competence, solid front end and technology environment, together with our adaptable organization, make us highly competitive in the MMO market.

"Our ambition is to contribute to world-class HSE results for Statoil, focus on quality in our deliveries, work continuously to increase our competence and work constantly to make our work processes more efficient," said Vemmestad. Locally owned towing business in Anchorage Alaska

Scope of work will typically involve engineering, procurement, construction, installation (EPCI) and completion of modifications, maintenance, studies and prefabrication.

Aker Solutions M&M services will be executed from Stavanger, Bergen, and Trondheim. Preparations activities will start immediately.

The contract parties are Aker Solutions' subsidiary Aker Offshore Partner AS and Statoil Petroleum AS.

Tags: Aker Solutions, Statoil