Akastor ASA: Equinor awards AKOFS Offshore Letter of Intent
16 May 2018 - AKOFS Offshore, a company owned by Akastor ASA, has entered into a Letter of Intent with Equinor for provision of year round light well intervention services (LWI) on the Norwegian continental shelf. Pursuant to the Letter of Intent, the contract period is for five years, with an option period of three years. Contract award is subject to partner approval and final agreement on terms and conditions. The contract value for the initial five-year period is approximately USD 370 million. The work is scheduled to commence first half of 2020 and will be performed from the AKOFS