Aker Solutions signs sub-surface deal with BP

Aker Solutions has signed an agreement with BP Norge AS to supply sub-surface consultancy services on the Norwegian continental shelf. Contract value is undisclosed.



Under the three-year agreement, Aker Solutions’ geo business will deliver operational geology services from BP’s onshore facility in Stavanger, Norway, and wellsite geology services from BP’s assets offshore Norway.



“The agreement covers support to the production drilling activities at BP’s Skarv field, which will ensure a steady flow of work for us over the coming years. In turn, this enables BP to get the highest possible return on investment from our geologists and the know-how they have built up over many years on the Norwegian continental shelf,” says Erik Sverre Jenssen, president of Aker Solutions’ geo business.



“This is the first time BP is buying wellsite geology services from us, and we look forward to working with them,” adds Jenssen.



Aker Solutions’ sub-surface consultancy Aker Geo AS delivers services through the whole subsurface value chain, from exploration to production. The unit comprises a team of 60 geologists, geophysicists and reservoir engineers. Its main fields of activity are geological and geophysical interpretation, petrophysics, reservoir modelling and simulation, wellsite geology as well as production technology and operations.

Aker Solutions’ contract party is Aker Geo AS.

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 54 billion and employs approximately 22 000 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.