Point Resources has executed the remaining part of the option for the maintenance and modifications contract with Aker Solutions.

The EPC O&M contract between Point Resources and Aker Solutions was first signed in June 2012, covering the Jotun A, Jotun B, Balder and Ringhorne operating facilities in the North Sea. The contract extension starts at year-end and runs until June 2022.

Knut Sandvik, EVP Projects at Aker Solutions, noted, "Aker Solutions has now delivered maintenance and modifications work continuously at these offshore facilities for more than 20 years.”

The order will be booked in the third quarter 2018.