Aker
Solutions continues to serve as supplier of maintenance and modification
services (M&M) on the Johan Sverdrup-field. The extension of the call off
is done in accordance with an existing frame agreement that lasts until
February 2026. The contract value is considered as sizeable.
Aker
Solutions has been a significant contractor on the Johan Sverdrup field and
delivered several offshore platforms and has been involved in all project
development stages of Johan Sverdrup. Since the oil- and gas production started
in 2019 the company had delivered M&M-services under an existing agreement.
The extension is given to secure coordination and exploit the synergies in
ongoing project activities. The contract will be managed from Stavanger and
prefabrication will be done at the yard in Egersund.
"We are
happy to continue our long-term cooperation with Equinor on the Johan Sverdrup
field, the third largest on the Norwegian continental shelf. Aker Solution has
already been deeply involved through all phases from early engineering through
construction and project execution and hook-up and commissioning of this giant
field. Continuity of personnel and systematic knowledge is essential to deliver
the best and safest maintenance and modification services moving forward,” said
Paal Eikeseth, executive vice president and head of Aker Solutions'
electrification, maintenance and modifications business.
It is expected
that the Johan Sverdrup field will deliver oil and gas for over 50 years. In
the first production year the field produced oil and gas with 90 percent lower
CO2 emissions than average global level, (measured in kg CO2 per barrel
produced). At peak, it is projected that Johan Sverdrup can produce up to 30
percent of the total oil and gas production on the Norwegian continental shelf,
and is expected to deliver resources of 2.7 billion barrels of oil equivalents.
“We experience
that our customer Equinor looks forward to continuing the collaboration and to
secure good deliveries together with us”, said Eikeseth.
Aker Solutions
will book an order intake in the lower part of the sizeable1 range
in the fourth quarter of 2022 in the Electrification, Maintenance and
Modifications segment.
Aker Solutions defines
a sizable contract as between NOK 0.5 billion and NOK 1.5 billion.