The agreement is a 12-month rolling contract with option to renew it annually. For Aker Solutions the contract could be worth approximately GBP 4-5 million per year.

The deal brings subsea controls delivery and service, including lifecycle services, into one contract to support Maersk Oil's projects in the North Sea. It builds on a previous frame agreement that has been in place since 2003.

"This agreement ensures that Maersk Oil will continue to receive a sustained, across-the-board service to meet both its current and future operational and technical requirements in the North Sea," says Rémi Birkeland, managing director of Aker Solutions' UK subsea business. "We are very pleased to continue working with Maersk Oil."

Equipment under the frame agreement will be engineered, manufactured and delivered out of Aker Solutions' facility in Aberdeen, UK, or hi-tech manufacturing centre in Port Klang, Malaysia.

"The North Sea remains a strong, stable market for both new field developments and extensions to existing subsea infrastructure. This is our home market and we are well positioned - both technologically and geographically - to support our customers in this part of the world as well as elsewhere," adds Birkeland.

ENDS

 

 

Media:
Endre Johansen, communications manager, Aker Solutions. Tel: +47 22 94 58 91, Mob: +47 416 10 605, E-mail: endre.johansen@akersolutions.com

Bill Phillips, The Big Partnership. Tel: +44 (0)1224 615012

Investor relations:
Lasse Torkildsen, SVP Investor Relations, Aker Solutions. Tel: +47 67 51 30 39, Mob: +47 911 37 194

Suppliers:
For further information about sourcing and potential subcontracts for this project, please contact BA Global Sourcing Champion, telephone number found here: http://www.akersolutions.com/Internet/SuppliersCentre/Contacts/SupplyManagementContacts.htm.

Career opportunities:
Visit http://www.akersolutions.com/careers

Aker Solutions ASA, through its subsidiaries and affiliates ("Aker Solutions"), is a leading global provider of engineering and construction services, technology products and integrated solutions. Aker Solutions' business serves several industries, including oil & gas, refining & chemicals, mining & metals and power generation. The Aker Solutions group is organised in a number of separate legal entities. Aker Solutions is used as the common brand/trademark for most of these entities. 

Aker Solutions' parent company is Aker Solutions ASA.  Aker Solutions has aggregated annual revenues of approximately NOK 58 billion and employs approximately 23 000 people in about 30 countries.

Aker Solutions is part of Aker (www.akerasa.com), a group of premier companies with a focus on energy, maritime and marine resource industries. The Aker companies share a common set of values and a long tradition of industrial innovation. As an industrial owner controlling 40.27 percent of the shares in Aker Solutions through Aker Holding AS, Aker ASA takes an active role in the development of Aker Solutions.  

This press release may include forward-looking information or statements and is subject to our disclaimer, see www.akersolutions.com.