Aker Solutions has secured a two-year contract extension from Aker BP for maintenance and modification work across several offshore Norway field centres.
The contract pertains to the Valhall and Hod, Ula and Tambar, Alvheim and Skarv operations.
Aker Solutions classifies a sizeable contract as between Nkr0.5bn ($44.85m) and Nkr1.5bn.
The pre-existing frame agreement, under which Aker Solutions and Aker BP operate within a joint maintenance and modifications alliance model, is now extended for a fixed period from December 2024 to December 2026.
Furthermore, an option for an additional two-year extension is being formalised, pending approval from Aker BP licence partners.
Aker Solutions' Life Cycle segment executive vice-president and head Paal Eikeseth said: “We see clear benefits from working as one team in a fully integrated project organisation with Aker BP. Working in alliances enhances efficiency, drives continuous improvement, and provides greater capacity and expertise for customers.”
"We look forward to continuing the collaboration with Aker BP, especially as the alliance's employees will begin 2025 in our new office building, Gnist, in Stavanger.”
This alliance is pivotal for both entities as it underpins strategic investments in digitalisation, personnel, yard facilities and project capabilities.
The alliance guarantees a substantial share of local deliveries, fostering activity, creating ripple effects and generating employment opportunities across the Norwegian industry at sites like Mo i Rana, Sandnessjøen, Egersund, and Stavanger, as well as various offshore locations.
Moreover, Aker Solutions' Mumbai division will play a crucial role in engineering and project management within the alliance. This international contribution underscores the global reach and collaborative nature of the alliance.
Earlier this year, Equinor awarded a contract to Aker Solutions for topside modifications on the Troll A platform, part of the Troll Phase 3 project offshore Norway.
The engineering, procurement, construction, installation and commissioning contract is valued between Nkr500m and Nkr1.5bn. It will focus on enhancing gas production from the Troll West gas reservoir.
