Aker Solutions Secures Maintenance and Modifications Services Contract for Vår Energi

November 26, 2019 - Vår Energi has awarded Aker Solutions a three-year frame agreement for maintenance and modification services, with an option for two additional years.

Aker Solutions has delivered maintenance and modifications work for Vår Energi’s Jotun, Balder and Ringhorne assets for 19 years. 

"We look forward to continuing our great cooperation with Vår Energi," said Linda L. Aase, executive vice president, brownfield projects at Aker Solutions. "The new contract award shows that our focus on HSSE and delivering top quality services is valued by our clients."

The work will be managed from Aker Solutions' office in Stavanger, Norway. Fabrication will be carried out at the company's facility in Egersund. Other locations may be involved.

The value of the contract will be determined by future call-offs by the operator and license partners. However, based on company estimates, Aker Solutions will book about NOK 600 million as order intake in the fourth quarter.

ENDS

Media Contact:
Ivar Simensen, mob: +47 464 02 317, email: ivar.simensen@akersolutions.com

Investor Contact:
Fredrik Berge, mob: +47 450 32 090, email: fredrik.berge@akersolutions.com

Aker Solutions helps the world meet its energy needs. We engineer the products, systems and services required to unlock energy. Our goal is to maximize recovery and efficiency of oil and gas assets, while using our expertise to develop the sustainable solutions of the future. Aker Solutions employs approximately 16,000 people in more than 20 countries.

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