Ocean Energy Resources

GLOBAL NEWS SERVICE FOR THE FOSSIL AND RENEWABLE ENERGY COMMUNITIES

  • HOME
  • ADVERTISE WITH US
  • FREE SUBSCRIPTIONS
    • Digital Newsletter
  • MUST READ ARTICLES
  • CONTACT

Subsea production systems agreement

Saturday, June 10 2023

Fossil Energy – Subsea Production System

Aker Solutions and Aker BP have agreed to extend a frame agreement for the provision of Subsea Production Systems until December 31, 2028.

The original agreement, signed in June 2016, was valid for eight years.

The agreement may cover assistance to Aker BP for feasibility studies and concept developments; front-end engineering and design; subsea development projects and services during project execution (engineering, procurement and construction).

Aker Solutions said the extension further supported its commitments to the Subsea Alliance, a project-execution agreement with Aker BP and Subsea 7 that enables operator and contractors to work as one integrated team toward cost-effective solutions for developing Aker BP’s subsea field portfolio.

“The extension of the frame agreement underscores our longstanding strategic partnership with Aker BP and is important to ensure long-term activity levels on the Norwegian Continental Shelf,” said Maria Peralta, executive vice president and head of Aker Solutions’ subsea business.

The value of the work to be called off under the frame agreement will only be recognized by Aker Solutions as subsea order intake when each new project is called off.

Related posts:

  1. Closing of OneSubsea joint venture
  2. Aker Solutions wins Subsea Frame Agreement with Petrobras
  3. Aker Solutions awarded additional Moho infill wells by TotalEnergies
  4. Equinor gives Eirin field development work to Aker Solutions

Filed Under: Aker BP, Aker Solutions, International News, subsea production Tagged With: Aker, subsea production

All rights reserved - 2025 cookies