Resilient Market Spurs Aker Solutions's Earnings
modules for the floating production, storage and offloading vessel for Johan Castberg, the largest oil discovery in the Barents Sea. The company also won contracts to deliver subsea production systems for the Troll Phase 3, Askeladd and Nova fields offshore Norway. It secured a maintenance and modifications services contract from Petrobras in Brazil.Aker Solutions was in the period awarded 38 front-end orders, the most in a single quarter. That compares with an all-time high of 124 contracts for all of 2017."We are seeing record demand for our early-phase capabilities - from feasibility and concept
Aker Solutions Bags BP's Norwegian Contract
Aker Solutions won a framework agreement to provide maintenance and modifications services at BP-operated oil and gas fields offshore Norway. The contract has a fixed period of five years valued at as much as NOK 3.2 billion. It also contains options to extend the agreement by as many as four years. The accord starts on December 1, 2015 on expiration of an existing agreement for similar services. "This contract was won in stiff international and national competition and will help secure jobs on the west coast of Norway as well as provide crucial support for our development of
Aker Solutions Starts Trading After Company Split
and the huge Johan Sverdrup project in Norway. The company had a record order backlog of NOK 54 billion at the end of the second quarter. "We are winning market share in subsea, particularly in Brazil and West Africa, and we are the leader in offshore engineering and maintenance and modifications services in the North Sea market," said Araujo. "This provides us with a robust growth outlook that's supported by a record backlog." Aker Solutions is in the midst of adjusting its capacity to a slowdown in the MMO market in Norway. The company is doing its utmost to avoid redundancies
Technic Signs Petrobas Offshore Brazil Agreement
Technip has signed a four-year frame agreement with Petrobras for projects modifications services for the Rio de Janeiro Operations Unit (UO-RIO), including existing offshore platforms located in the Campos Basin area, Brazil. The services comprise basic and detailed design, documentation update, engineering consulting, planning, control and execution supplies for 13 offshore platforms. Technip was previously awarded contracts on some of these projects, most notably designing and constructing the topsides of three of Petrobras’ deepwater production semis – P-51, P-52 and P-56 – the
February 2024
