Aker Solutions signs well service contract with Dong Energy
2 October 2012 - Aker Solutions has signed a contract with Dong Energy to provide well intervention services for the oil company's assets offshore Norway and Denmark.
The contract is valid for two years plus an optional two-year extension (2+2). Aker Solutions estimates that the contract will generate revenues of approximately NOK 40 million annually.
Aker Solutions will manage the work from its well intervention service facilities in Esbjerg, Denmark, and Stavanger, Norway.
"Dong Energy is an exciting company to support as its portfolio of operated platforms offshore Norway and Denmark is rapidly growing. The Trym and Oselvar fields offshore Norway came on-stream earlier this year, and the Hejre and Solsort developments on the Danish continental shelf is in the pipeline. We are happy that Dong has renewed the trust in our services and look forward to continue supporting them in increasing production and recovery rates from their offshore wells," says Rolf Leknes, who heads up the Scandinavian well intervention services operation in Aker Solutions.
Aker Solutions has provided well services to Dong Energy since 2005.
Well intervention services are carried out in an oil or gas well, with the objective of maximising production and increasing the recovery rate of oil and gas.
The contract is signed and booked as order intake in Q3 2012.
Aker Solutions' contract party is Aker Well Service AS.
ENDS
For further information, please contact:
Media:
Endre Johansen, VP Corporate Communications, Aker Solutions. Tel: +47 22 94 58 91, Mob: +47 416 10 605, E-mail: endre.johansen@akersolutions.com
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 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.
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