August 31, 2017 - Aker Solutions secured a framework agreement from Shell to provide brownfield modifications services and maintenance support for the Nyhamna and Draugen facilities in Norway.
The agreement has a fixed period of four years and may be extended by up to seven years. It covers the offshore Draugen oil platform and the onshore Nyhamna natural gas processing plant in Aukra that is connected to the Ormen Lange field in the Norwegian Sea. Aker Solutions has previously provided products and services for these assets.
"We're delighted that Shell has once again selected Aker Solutions to be its main contractor for these assets and we look forward to building on our past work together to ensure the continued success of these projects," said Luis Araujo, chief executive officer of Aker Solutions.
While volumes will vary from year to year, the contract provides work for Aker Solutions' west coast operations, particularly the division in Kristiansund.
The companies agreed to not disclose the financial value of the contract, which will be booked as part of Aker Solutions' third-quarter orders.
Investor Contact: Per Christian Olsen, tel: +47 67 51 36 58, mob: +47 900 29 077, e-mail: per.christian.olsen@akersolutions.com
Aker Solutions is a global provider of products, systems and services to the oil and gas industry. Its engineering, design and technology bring discoveries into production and maximize recovery. The company employs approximately 14,000 people in about 20 countries. Go to http://akersolutions.com for more information on our business, people and values.
This press release may include forward-looking information or statements and is subject to our disclaimer, see http://akersolutions.com
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients. The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Aker Solutions ASA via Globenewswire
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