Statoil Exercises One-Year Option With Aker Solutions
October 29 2010 - 6:50AM
Dow Jones News
DOW JONES NEWSWIRES
Statoil Friday said it has exercised a one-year option to extend
its contract with Aker Solutions at the Mongstad refinery in Norway
with the value of the contract for 2011 valued at about
NOK100M.
MAIN FACTS:
-Work will occupy about 120 people from Aker Solutions in
Bergen, Norway
-Work for Aker Solutions mainly comprises minor modifications to
increase robustness and generally improve the facility.
-The option period commences Jan. 01 2011.
-The contract parties are Aker Solutions' subsidiary Aker
Offshore Partner and Statoil.
- In 2005 Statoil awarded Aker Solutions a modifications
framework agreement for
the Mongstad refinery.
-Remaining options in the running minor modifications contract
include a one year option followed by a two year option.
-By Stockholm Bureau, Dow Jones Newswires; +46-8-5451-3090;
djnews.stockholm@dowjones.com