Aker Solutions has signed a two-year contract extension for maintenance and modifications for Aker BP's Ula, Skarv, Valhall and Tambar fields offshore Norway.

Work under the contract will start from December 1, 2020 and follows the existing contract with Aker BP where Aker Solutions and Aker BP work under a joint modification alliance model.

"We are delighted to continue to provide maintenance and modifications work for Aker BP," said Linda L. Aase, executive vice president, brownfield projects at Aker Solutions. "Work under the new alliance has proved to be efficient and the alliance has continued to improve deliveries and develop new ways of working."

The total value of the contract is estimated at about NOK 1.7 billion. The contract will be booked as order intake in the second quarter of 2020.

About Aker Solutions

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 15,000 people in more than 20 countries.

About Aker BP

Aker BP is a fully-fledged E&P company with exploration, development and production activities on the Norwegian Continental Shelf (NCS).
Measured in production, Aker BP is one of the largest independent oil companies in Europe.