Aker Solutions Gets 3-Year Contract Extension from ConocoPhillips
September 11 2020 - 3:35AM
Dow Jones News
By Dominic Chopping
Norwegian oil-and-gas industry service providers Aker Solutions
ASA said Friday it has secured a three-year contract extension to
an existing framework agreement for work at North Sea fields
operated by ConocoPhillips.
The company said it will continue as ConocoPhillips's main
supplier of maintenance and modifications work offshore Norway,
with the agreement running from January 2021 until the end of
2023.
The contract value will be determined by future call-offs for
maintenance and modifications work and could range between 300
million Norwegian kroner and 700 million Norwegian kroner ($33.2
million-$77.5 million) a year, Aker said.
The contract will be booked as order intake in the third quarter
of 2020.
Write to Dominic Chopping at dominic.chopping@wsj.com
(END) Dow Jones Newswires
September 11, 2020 03:20 ET (07:20 GMT)
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