29 May 2009 - Aker Solutions has been awarded a contract with StatoilHydro to provide mechanical wireline services on StatoilHydro operated fields and mobile drilling units on the Norwegian continental shelf.
The initial contract period is for three years and two months, with two additional two-year (2+2) options. Aker Solutions estimates that the initial three-year contract will generate income of approximately NOK 850 million. The contract will run from 1 December 2009.
Aker Solutions is currently providing well services to StatoilHydro on the Tampen and Halten/Nordland area, but expects the new contract to increase the level of activity moving forward.
"We are very pleased that StatoilHydro has again selected us to be their well intervention service provider. Our long term relationship within this segment dates back to 1984, where Aker Solutions performed well services for StatoilHydro on the Statfjord field. This award is a tribute to the skilled and dedicated offshore and onshore employees in our well service unit and their long-term co-operation with StatoilHydro's employees", says Mads Andersen, executive vice president in Aker Solutions.
The contract comprises mechanical wireline services on the following StatoilHydro operated fields: Heidrun; Njord A; Brage; Gullfaks A, B and C; Heimdal; Huldra; Kvitebjørn; Oseberg B, C, East and West; Troll A; Veslefrikk; and Visund A. The contract also covers mechanical wireline work on the majority of the mobile drilling units StatoilHydro will utilise at its subsea fields in the North Sea. Additionally, Aker Solutions will deliver onshore operational support to StatoilHydro's field centres at Stavanger, Bergen, Stjørdal and Harstad.
"We estimate that this award will secure work for around 350 staff, of which a third will be located onshore and two-thirds offshore," says Ole Petter Thomesen, president of Aker Solutions' well service business unit.
"The contract is also a fundament for our well intervention technology development activity. We have over the years developed leading well intervention technologies in close co-operation with StatoilHydro and look forward to a continued relationship within this key area," adds Thomesen.
Aker Solutions' contract party is Stavanger-based Aker Well Service AS.
ENDS
For further information, please contact:
Media:
Jannik Lindbæk, SVP Corporate Communications, Aker Solutions. Tel: +47 67 51 30 36, Mob: +47 977 55 622
Åsne Normann-Arvesen, PR Manager, Aker Soltuions. Tel: +47 67 82 62 76, Mob: + 47 93 87 10 27
Investor relations:
Lasse Torkildsen, SVP Investor Relations, Aker Solutions. Tel: +47 67 51 30 39, Mob: +47 911 37 194
Lasse Torkildsen, SVP Investor Relations, Aker Solutions. Tel: +47 67 51 30 39, Mob: +47 911 37 194
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.
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.
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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.