Aker Solutions won a framework agreement on Nov. 23 with Equinor to provide maintenance and modifications services at the Peregrino field, offshore Brazil. The contract has a fixed period of four years and includes an option for a two-year extension.
The new contract means an expansion of the more than 40 years of cooperation in the North Sea.
“We are excited to build on our strong relationship with Equinor,” said Linda Litlekalsøy Aase, executive vice president, electrification, maintenance and modifications at Aker Solutions. “Together we will ensure safe and successful operations in Brazil, work to extend the lifetime of Equinor´s assets and find low-carbon solutions where possible.”
Brazil is a vital market where Aker Solutions sees opportunities for several types of deliveries. The company’s strategy is to use its subsea manufacturing facilities in the country as a hub to serve both local projects and international developments.
In recent years, Aker Solutions has won several subsea contracts from Equinor, where parts of the subsea equipment are manufactured in Brazil. This includes projects such as Johan Castberg, Troll and Breidablikk in Norway.
The value of the frame agreement depends on the amount of work requested by the client. Orders will be booked as they are received. No order intake will be booked at this stage.
Recommended Reading
Three-Way Midland Basin Combination Creates $1.5 Billion E&P
The deal would create the largest pure-play northern Midland Basin E&P with a 73,000-net-acre position and 12,000 boe/d of production that is expected to more than double through 2020.
Pin Oak Energy Acquires Chunk Of Shell’s Appalachia Position
Pin Oak Energy closed a transaction with a Shell affiliate to acquire roughly 43,000 acres prospective for Utica Shale development in northwestern Pennsylvania.
LLOG, Repsol Strike Deal To Develop Deepwater GoM Assets
Private E&P LLOG Exploration and Spain’s Repsol agreed to collaborate on deepwater development in the U.S. Gulf of Mexico plus an asset exchange of the Leon and Moccasin discoveries.