Aker Solutions, as one of several suppliers, has been awarded a frame agreement with Statoil for the delivery of subsea operations and services on the Norwegian Continental Shelf (NCS), the company said in a press release.

Subsea operations and services cover the installation of subsea equipment and maintenance, upgrades, and recertification of tools and installed equipment, according to the press release. The agreement also includes workover activities and life extension of subsea wells. The size of the frame agreement is dependent on call-offs and the number of projects that Statoil decides to execute.

The frame agreement with Statoil is signed for the duration of five years with three additional three-year options, the company said. Aker Solutions has booked US $965 million (NOK 5.5 billion) of order intake as a preliminary estimate of the work to be generated in the initial five-year period, of which US $42 million (NOK 230 million) was booked in 4Q 2012 due to prior commitments from Statoil.

Statoil will immediately execute a subsea refurbishment project for the Troll field, the company said. The new Troll contract covers the refurbishment and upgrade of subsea trees until the end of 2014, besides the investments in long lead components for further refurbishment at the Troll field, which is located in the northern part of the North Sea, approximately 65 km (40 miles) west of Kollsnes, near Bergen in Norway.

Aker Solutions’ facility at Aagotnes, outside Bergen on the west coast of Norway, will support the projects from Statoil, according to the press release. This site was established in 1994 and has installed more than 200 subsea trees on the NCS.

Based on expected market developments, Aker Solutions will further develop the service base at Aagotnes in 2013 and 2014, the company said. Two new workshops for the maintenance of subsea equipment, new logistic facilities, and a new office block that includes state-of-the-art operational support systems will be set up at the existing base at Aagotnes. This will add 6,000 sq m (64,583 sq ft) of buildings, besides 450 new office facilities, according to the press release.

The Aagotnes base provides life-field support for subsea equipment, including offshore installation and intervention support, onshore maintenance, refurbishment and upgrades of subsea trees, control systems and intervention workover systems, as well as maintenance, repairs, and recertification of tools, the company said.