Aker Wins ConocoPhillips Work Worth NOK Billions

Published at 05:41PM - 01/02/16

Aker wins ConocoPhillips work worth NOK billions in two contracts that covers all assets in the oil and gas majors Norwegian portfolio.

Aker Solutions announced the news Monday 1st February saying: “The company received a framework agreement … to become ConocoPhillips’ main supplier of maintenance and modifications work.”

Aker Wins ConocoPhillips Work

The main contract in the award will see Aker Solutions become ConocoPhillips’ main supplier of maintenance, modifications and operations (MMO) services- as set out in a framework agreement.

The contract covers Conoco’s entire Norwegian portfolio which includes the two giant Ekofisk and Eldfisk fields.

The deal is set to last for a duration five years but includes options allowing an extension of up to three years.

Aker said that due to the variable length of the contract and the range of work that could be included; it would be hard to place an accurate value to the contract but is likely to be anywhere between NOK 1 to 3 billion (US$ 115m to 344m).

The second contract in the award will see Aker supply services to large scale modification projects across the two fields, which will work on the same timeframes and options as the main MMO contract.

Both contracts will start in February 2016, will be managed through the firm’s Egersund facilities in Stavanger, and looks to create both onshore and offshore jobs.

Commenting on the news, head of Aker Solutions Norwegian Operations, Per Harald Kongelf, said: “The Ekofisk and Eldfisk installations comprise one of the largest maintenance and modifications portfolios offshore Norway and these contracts will help secure jobs in key parts of our Norwegian MMO business.”

Last updated on 10:22AM - 03/02/16