Statoil extends Aker Solutions' contract at Mongstad refinery

Source: Aker Solutions

Statoil (NYSE:STO) has exercised a one-year option to extend its contract with Aker Solutions at the Mongstad refinery in Norway. The estimated contract value for 2011 totals approximately NOK 100 million and the work will occupy about 120 employees from Aker Solutions in Bergen, Norway. 

The oil refinery at Mongstad is a modern highly-upgraded plant with an annual capacity of 10 million tonnes of crude. It is the largest facility of its kind in Norway. 

The scope of work for Aker Solutions mainly comprises minor modifications to increase robustness and generally improve the facility. The option period commences January 1, 2011. 

In 2005 Statoil awarded Aker Solutions a modifications framework agreement for the Mongstad refinery. Remaining options in the running minor modifications contract includes a one year option followed by a two year option. 

Most crude oil refined at the Mongstad plant comes from the Norwegian continental shelf. The principal outputs are petrol, diesel oil, jet fuel and other light petroleum products. Most of the refinery's output is exported, particularly to continental Europe. 

The contract parties are Aker Solutions' subsidiary Aker Offshore Partner AS and Statoil ASA.


Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs