AkerBP Inks Subsea Contract with DeepOcean
Aker BP ASA said it has awarded a contract to DeepOcean for subsea inspection, maintenance and repair (IMR) activities. The contract – worth a minimum of NOK 300 million ($36.8 million) during the initial three years, with an option to continue the activities for an additional six years (2+2+2) – includes remotely operated vehicle (ROV) activities related to subsea IMR on Aker BP-operated assets Valhall, Ula, Ivar Aasen, Alvheim and Skarv. “This is an important contract for Aker BP. We invited several companies to tender. DeepOcean won this contract due to a very good offer
Aker BP Registers Strong Growth
Aker BP ASA increased reserves and maintained 'very good' results in exploration, drilling and wells, projects and production. The company has a view to a continued strong cash flow, and has a robust balance sheet give us freedom. - We are rigged for further growth, says CEO of Aker BP, Karl Johnny Hersvik. Aker BP's production in 2016 was 118,200 barrels of oil equivalent per day (boepd); 80 percent oil and 20 percent gas. The company expects production in 2017 will increase to between 128,000 and 135,000 boepd, with $ 11 in average production cost per barrel. With the current portfolio