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Aker Solutions — Regulatory Filings 2023
Jun 2, 2023
3531_rns_2023-06-02_1deddbcd-617d-4825-9a69-87e0fae60c8e.html
Regulatory Filings
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Aker Solutions signs Subsea Frame Agreement extension with Aker BP
Aker Solutions signs Subsea Frame Agreement extension with Aker BP
June 2, 2023- Aker Solutions and Aker BP have agreed to extend a frame agreement
for the provision of Subsea Production Systems until December 31, 2028.
The original agreement, signed in June 2016, was valid for eight years.
The Agreement may cover assistance to Aker BP for feasibility studies and
concept developments; front-end engineering and design; subsea development
projects and services during project execution (engineering, procurement and
construction).
The extension further supports Aker Solutions' commitments to the Subsea
Alliance, a project-execution agreement with Aker BP and Subsea 7 that enables
operator and contractors to work as one integrated team toward cost-effective
solutions for developing Aker BP's subsea field portfolio.
"The extension of the frame agreement underscores our longstanding strategic
partnership with Aker BP and is important to ensure long-term activity levels on
the Norwegian Continental Shelf," said Maria Peralta, executive vice president
and head of Aker Solutions' subsea business.
The value of the work to be called off under the frame agreement will only be
recognized by Aker Solutions as subsea order intake when each new project is
called off.
ENDS
Preben Ørbeck
Investor Relations
Hallvard Norum
media contact
Aker Solutions delivers integrated solutions, products and services to the
global energy industry. We enable low-carbon oil and gas production and develop
renewable solutions to meet future energy needs. By combining innovative digital
solutions and predictable project execution we accelerate the transition to
sustainable energy production. Aker Solutions employs approximately 15,000
people in more than 20 countries.
Visit akersolutions.com and connect with us on
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This press release may include forward-looking information or statements and is
subject to our disclaimer, see https://akersolutions.com