BP awards well service contract to Aker Solutions

Aker Solutions has entered into a frame agreement with BP Norge AS to provide well intervention services on all BP-operated assets, including Valhall, Ula and the future Skarv development, on the Norwegian continental shelf.


The initial contract period is for three years, with two additional one-year options. Aker Solutions estimates that the agreement will generate annual revenue of approximately NOK 35-40 million.

Under the agreement Aker Solutions will provide mechanical wireline, wireline tractor and production logging services, which are all services that aim at maintaining and increasing the production of oil and gas.

“We have provided BP with well intervention services in Norway since 1986 and are very pleased with being selected as BP’s preferred service provider for both existing and new fields on the Norwegian continental shelf,” says Ole Petter Thomesen, president of Aker Solutions’ well service business unit.

“Through our long and successful business relationship, we have detailed knowledge of BP’s assets in Norway and we are confident that we will continue to add value to their business. We are also pleased that the new contract includes the Skarv field. This is the largest ongoing field development project in Norway and is planned to come on-stream in 2011. We look forward to being part of this important field development project,” adds Thomesen.

Aker Solutions’ contract party is Stavanger-based Aker Well Service AS.

Suppliers:
For further information about sourcing and potential subcontracts for this project, please contact BA Global Sourcing Champion, telephone number found here: http://www.akersolutions.com/Internet/SuppliersCentre/Contacts/SupplyManagementContacts.htm.

Aker Solutions ASA, through its subsidiaries and affiliates (“Aker Solutions”), is a leading global provider of engineering and construction services, technology products and integrated solutions. Aker Solutions’ business serves several industries, including oil & gas, refining & chemicals, mining & metals and power generation. The Aker Solutions group is organised in a number of separate legal entities. Aker Solutions is used as the common brand/trademark for most of these entities.

Aker Solutions’ parent company is Aker Solutions ASA. Aker Solutions has aggregated annual revenues of approximately NOK 58 billion and employs approximately 23 000 people in about 30 countries.

Aker Solutions is part of Aker (www.akerasa.com), a group of premier companies with a focus on energy, maritime and marine resource industries. The Aker companies share a common set of values and a long tradition of industrial innovation. As an industrial owner controlling 40.27 percent of the shares in Aker Solutions through Aker Holding AS, Aker ASA takes an active role in the development of Aker Solutions.

This press release may include forward-looking information or statements and is subject to our disclaimer, see www.akersolutions.com.