BP extends Aker Solutions' maintenance, modifications contract in the North Sea

Source: Aker Solutions

BP (NYSE:BP) has decided to extend the maintenance and modification contract with Aker Solutions, exercising a one year option in the existing agreement for the Ula, Valhall, Hod and Tambar fields. Work under the new option will last until April 2012. The contract value is estimated to be NOK 2-300 MNOK.

The original maintenance and modification contract was signed in 2005.

"We are very pleased that BP again demonstrates their trust in Aker Solutions. We look forward to continue our long term cooperation with BP", says executive vice president for Maintenance, Modifications and Operations in Aker Solutions, Tore Sjursen.

Scope of work under the contract includes engineering, procurement, fabrication, installation and maintenance support services and currently employs approximately 280 people in Stavanger, 50 in Egersund and 1000 in offshore rotation. The contract also includes hook-up and completion of the new PH platform at Valhall and tie-in of Oselvar to the Ula field.

Contract parties are Aker Solutions subsidiary Aker Offshore Partner AS and BP Norway AS.



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