Aker Solutions helps extend the life of the fields offshore Brunei
27 September 2012 - Aker Solutions has been selected as the management contractor for Brunei Shell Petroleum Co Sdn Bhd's (BSP) offshore construction and maintenance services. The contract runs for five years and has an estimated value of over NOK 2.3 billion.
As the management contractor Aker Solutions will be responsible for managing the construction and maintenance work for BSP's offshore assets, and transferring competence to enable local businesses to gradually assume responsibility for the work.
"This is another very important contract for Aker Solutions in South East Asia and a strategic development for our maintenance, modifications and operations business which has traditionally been North Sea based," says Tore Sjursen, head of Maintenance, Modifications and Operations (MMO) in Aker Solutions.
The contract duration is five years with an option of two additional years (5+2). The work for BSP will commence immediately and the first offshore campaign managed by Aker Solutions in Brunei is scheduled for 2013.
Local business development will be a priority. Aker Solutions will work to develop local business expertise to manage and deliver offshore construction and maintenance services to BSP and thereby contributing to the safe and continuous production from the offshore assets.
Long track record
Aker Solutions has a strong presence in the Asia Pacific region with its regional head office in Kuala Lumpur, Malaysia and smaller hubs in Australia, India, Indonesia, Japan, South Korea, Thailand and Vietnam. The company recently also started building up in the Middle East, with the acquisition of NPS Energy, the Dubai-based well intervention services company.
"We look forward to further develop Aker Solutions' relationship to Brunei Shell Petroleum, and expand our operations in this region", says Sjursen.
ENDS
For further information, please contact:
Media:
Ivar Simensen, Acting Chief Communication Officer, Aker Solutions. Tel: +47 67 59 41 90, Mob: +47 46 40 23 17, E-mail: ivar.simensen@akersolutions.com
Investor relations:
Lasse Torkildsen, SVP Investor Relations, Aker Solutions. Tel: +47 67 51 30 39, Mob: +47 911 37 194, E-mail: lasse.torkildsen@akersolutions.com
Suppliers:
For further information about sourcing and potential subcontracts for this project, please visit www.akersolutions.com/suppliers
Career opportunities:
Visit http://www.akersolutions.com/careers
Aker Solutions provides oilfield products, systems and services for customers in the oil and gas industry world-wide. The company's knowledge and technologies span from reservoir to production and through the life of a field.
Aker Solutions brings together engineering and technologies for oil and gas drilling, field development and production. The company employs approximately 25 000 people in more than 30 countries. They apply the knowledge and create and use technologies that deliver their customers' solutions.
Aker Solutions ASA is the parent company in the group, which consists of a number of separate legal entities. Aker Solutions is used as the common brand and trademark for most of these entities. In 2011 Aker Solutions had aggregated annual revenues of approximately NOK 36.5 billion. The company is listed on the Oslo Stock Exchange.
This press release may include forward-looking information or statements and is subject to our disclaimer, see www.akersolutions.com.
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
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