These extend current arrangements until 2023, with further extension options totaling 20 years. If these are exercised and all aspects of the assumed work scope are performed, the total value could reach NOK40 billion ($4.84 billion).
The agreements concern the supply of equipment to Statoil-operated subsea wells on theNorwegian continental shelf, and maintenance of equipment on more than 500 wells and onshore.
Most of the onshore maintenance work will be at the Ågotnes Base outside Bergen, and at the Polar Base in Hammerfest.
Aker Solutions’ services agreements, related to both bases, cover subsea lifecycle services, including offshore installation and retrieval of equipment, maintenance, engineering, and operations support.