Aker Solutions has secured a framework agreement with Statoil to provide subsea services to the oil major’s oil and gas fields offshore Norway.
The contract is for a fixed period of five years, starting in the first quarter of 2018, and is estimated to be worth around NOK 3bn ($360.42m). Five four-year options are also available to Statoil.
Luis Araujo, chief executive officer of Aker Solutions, commented: “These contracts illustrate the strength of the subsea services presence we have built across Norway. We look forward to delivering to such a key customer as Statoil and playing a part in further building Norway’s newest oil and gas region in the far north.”
Work scope for the contract includes subsea lifecycle services, including offshore installation and retrieval of equipment, maintenance, engineering and operations support.
