Aker Solutions Signs Two Subsea Framework Contracts With BP
(Thomson Reuters ONE) -
October 27, 2016 - Aker Solutions secured two five-year framework agreements for
potential future deliveries of subsea production systems and lifecycle services
at BP-operated oil and gas fields globally.
The first five-year contract covers engineering, procurement and construction of
subsea production systems for new and maturing developments worldwide. Aker
Solutions would bid for work under the contract, which sets out the terms and
conditions that would need to be met. The companies also agreed on a five-year
servicing agreement, coinciding with the first contract, for any equipment
delivered under the first contract and to support previously installed subsea
hardware. Both contracts started in August 2016.
"This further expands our long-standing relationship with BP, which spans more
than twenty years," said Luis Araujo, chief executive officer of Aker Solutions.
"We look forward to working together to find sustainable solutions for securing
needed energy resources from BP's subsea fields around the world."
The contracts allow Aker Solutions to bid for work as one of four preferred
suppliers for BP's development portfolio across the world.
The size of the framework agreements depend on the amount of work necessary and
orders will be booked as they come in.
ENDS
For further information, please contact:
Media:
Anne Cecilie Lund-Andersen, Media Relations Manager, Aker Solutions. Tel:
+47 22 94 74 52, Mob: +47 99 62 12 13, E-mail: anne.cecilie.lund-
andersen(at)akersolutions.com
Investors:
Per Christian Olsen, Analyst, Investor Relations, Aker Solutions. Tel:
+47 67 51 36 58, Mob: +47 900 29 077, E-mail:
per.christian.olsen(at)akersolutions.com
Aker Solutions is a global provider of products, systems and services to the oil
and gas industry. Its engineering, design and technology bring discoveries into
production and maximize recovery. The company employs approximately 13,000
people in about 20 countries. Go to http://akersolutions.com for more
information on our business, people and values.
This press release may include forward-looking information or statements and is
subject to our disclaimer, see http://akersolutions.com
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Aker Solutions ASA via GlobeNewswire
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