Aker Kvaerner secures Shell subsea framework agreement

Aker Kvaerner has signed a five-year partnership agreement with Shell UK and A/S Norske Shell covering the provision, installation, commissioning, and life-of-field support of subsea control systems in the North Sea.

Offshore staff

OSLO, Norway -- Aker Kvaerner has signed a five-year partnership agreement with Shell UK and A/S Norske Shell covering the provision, installation, commissioning, and life-of-field support of subsea control systems in the North Sea.

The framework agreement is signed for an initial five-year period, with five optional one-year extensions. According to the company, the contract could be worth between $39 and $59 million over the first five years.

"The agreement means Shell will get a sustained, across-the-board service to meet their current operational requirements," says Rémi Birkeland, senior VP of controls for Aker Kvaerner subsea. "Delivering such a broad scope of services needs a single focal point and this agreement avoids the inefficiencies of one-off contracting."

01/18/2008

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