UK well service contract to Aker Solutions
(Thomson Reuters ONE) - 12 October 2009 - Aker Solutions subsidiary Aker Qserv Ltd has signeda contract with BP to provide well services for the energy giant'soperations in UK sector of the North Sea.The contract is signed for a period of three years, with two one-yearextension options. Aker Qserv estimates that the contract willgenerate income of approximately GBP 10 million annually.Aker Qserv, who has enjoyed a working relationship with BP datingback to 2003, will continue as BP's primary supplier of wellintervention services out of its base in Aberdeen. Scope of workencompasses coiled tubing, pumping, slickline, and support toelectrical line and logging equipment.Aker Solutions acquired Aker Qserv Ltd in July 2008."Aker Solutions' well service business recently signed a contractwith BP Norge AS to provide well intervention services for theirassets on the Norwegian continental shelf. Now Aker Qserv signs asimilar deal for the UK sector of the North Sea. This underlines thegood strategic fit between our two operations through theircomplementary footprints and technology portfolio," says MadsAndersen, executive vice president, Aker Solutions.Ciaran Dreelan, director at Aker Qserv, said: "To secure thiscontract renewal is testimony to our track record of service deliveryand the strength of our relationship with BP. Our intention is tosustain and enhance our quality of service - and to do so moreefficiently because we are able to draw upon the wider capabilitiesof the Aker Solutions group."It also emphasizes the excellent fit between Aker Qserv and theservices of Aker Solutions, as we will be deploying further expertiseand resources from across the group in terms of the wireline tractor,electrical line and logging equipment elements of the contract."The continued relationship with BP will allow us to focus on makingtheir business more sustainable through operations aimed atincreasing oil recovery," adds Ciaran Dreelan.Aker Solutions' contract party is Aberdeen-based Aker Qserv Ltd. Thecontract was signed and booked as order intake in Q3 2009.ENDSFor further information, please contact:Media:Endre Johansen, VP Communications, Aker Solutions. Tel: +47 22 94 5891, Mob: +47 416 10 605, e-mail: endre.johansen(at)akersolutions.comBill Phillips, Big Partnership, Tel: +44 (0)1224 615012, Mob: +44(0)7970 544663Investor relations:Lasse Torkildsen, SVP Investor Relations, Aker Solutions. Tel: +47 6751 30 39, Mob: +47 911 37 194Suppliers:For further information about sourcing and potential subcontracts forthis project, please contact BA Global Sourcing Champion, telephonenumber foundhere: http://www.akersolutions.com/Internet/SuppliersCentre/Contacts/SupplyManagementContacts.htm.Career opportunities:Visit http://www.akersolutions.com/careersAker Solutions ASA, through its subsidiaries and affiliates("Aker Solutions"), is a leading global provider of engineering andconstruction services, technology products and integrated solutions.Aker Solutions' business serves several industries, includingoil & gas, refining & chemicals, mining & metals andpower generation. The Aker Solutions group is organised in a numberof separate legal entities. Aker Solutions is used as the commonbrand/trademark for most of these entities.Aker Solutions' parent company is Aker Solutions ASA. Aker Solutionshas aggregated annual revenues of approximately NOK 58 billion andemploys approximately 23 000 people in about 30 countries.Aker Solutions is part of Aker (www.akerasa.com), a group of premiercompanies with a focus on energy, maritime and marine resourceindustries. The Aker companies share a common set of values and along tradition of industrial innovation. As an industrial ownercontrolling 40.27 percent of the shares in Aker Solutions throughAker Holding AS, Aker ASA takes an active role in the development ofAker Solutions.Aker Qserv Ltd specialises in well, process and pipeline services forthe global oil and gas industry. It offers a range of servicesincluding coiled tubing, pumping services, wireline services, subseawell intervention, process services and pipeline services.Headquartered in Aberdeen, Aker Qserv employs more than 400 peoplewith continuing operations in the UKCS and internationally. It aimsto have further growth internationally in the Middle East, WestAfrica and Asia Pacific, to match extensive growth the business hasseen in the North Sea.This press release may include forward-looking information orstatements and is subject to our disclaimer, seewww.akersolutions.com.This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 12.10.2009 - 08:30 Uhr
Sprache: Deutsch
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