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MARKET WATCH: Oil price rises amid geopolitical tensions (Oil & Gas Journal, January 5, 2009, 11:25 AM)

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StatoilHydro releases options for maintenance work to Aker Solutions

Offshore staff

OSLO -- StatoilHydro has released options for maintenance, modifications, service, and support work on its Norwegian offshore installations in the Tampen area and on the Troll B, Troll C, and Brage platforms to Aker Solutions ASA, and on the Halten/Nordland area to Aker Reinertsen AS.

The contracts for maintenance, modifications, service, and support work on all Tampen and Halten/Nordland platforms were awarded in 2002 and expired in February 2007. Options for continuation of the work in three periods, each of two years, were included in the contracts. The second of these options has been released. The contract related to maintenance, modifications, service, and support work at the Troll B, Troll C, and Brage platforms was awarded in 2006.

All work under the contracts will be executed by Aker Offshore Partner AS in Stavanger and Bergen, and by Aker Reinertsen AS in Trondheim.

07/21/2008

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