Aker Solutions secures long-term brownfield and modification frame agreement with Azule Energy

Source: www.gulfoilandgas.com 6/6/2024, Location: Africa

Aker Solutions has secured a sizeable[1] long term frame agreement with Azule Energy to provide engineering, procurement, and construction services (EPC) for brownfield projects and modifications for two FPSOs in Angola.

This is a continuation of the current frame agreement Aker Solutions has with the operator Azule Energy. The operator is Angola’s largest independent equity producer of oil and gas and is an incorporated joint venture owned by Eni and bp.?

The scope of work is focused on two FPSO (floating production, storage, and offloading) units, namely Greater Plutonio and PSVM. The work comprises engineering, procurement, and construction services (EPC) of the brownfield maintenance and modifications scopes.?

? ? The contract is a frame agreement covering maintenance and modifications activities with a duration of three years plus two one-year options.

The contract will be executed and delivered by the Aker Solutions’ team based in Luanda, Angola, and Aberdeen, UK. The project management will be based in Angola to be close to the operation and continue to develop locally. ?

? “We are building on our robust track record in Angola, dating back to 1998. Aker Solutions is a leading service operator and has a clear ambition to grow internationally. This new contract strengthens our global life cycle operations and is a pivotal project for our offices in Aberdeen and Luanda”, said Paal Eikeseth, executive vice president and head of Life Cycle, Aker Solutions.?

Throughout the current contract period, there has been substantial growth in terms of in-country execution and the development of Aker Solutions' local workforce. Currently, over 40 percent of the total scope volume is being executed in Angola, and a significantly increased target has been set for the new contract period.??

“We are actively recruiting to enhance the strength and competence of our existing project team. Moving forward, our local business development efforts will focus on improving and strengthening relationships with local subcontractors, as well as hiring and training local personnel. We are pleased to have received renewed trust from Azule Energy and will continue to ensure the delivery of reliable and safe executions to safeguard the integrity of the FPSOs”, said Paal Eikeseth.??

The Azule Energy-contract will be booked as part of Aker Solutions' second quarter order intake in the Life Cycle segment.

1Aker Solutions defines a sizeable contract as being between NOK 0.5 billion and NOK 1.5 billion


Israel >>  7/18/2024 - TechnipFMC (NYSE: FTI) has been awarded a large(1) integrated Engineering, Procurement, Construction, and Installation (iEPCI™) contract by Energean f...
United States >>  7/18/2024 - Sempra Infrastructure, a subsidiary of Sempra announced that Port Arthur LNG Phase 2 and Bechtel Energy (Bechtel) have signed a fixed-price engineerin...

Germany >>  7/15/2024 - Next important milestone reached after receiving the final building permits and funding of 100 million EUR.
Worley is a global professional ser...

Brazil >>  7/11/2024 - Recently, CIMC Raffles, a subsidiary of CIMC Group, is awarded by Seatrium, a global provider of engineering solutions to the offshore, marine, and en...

Australia >>  7/9/2024 - Wood, a global leader in consulting and engineering, has secured a six-year contract to provide brownfield engineering, procurement, and construction ...
Lithuania >>  6/28/2024 - Vestas has secured a 99 MW order from Aquila Clean Energy to deliver a full engineering, procurement, and construction (EPC) solution for the wind ene...




Gulf Oil and Gas
Copyright © 2023 ICT All rights reserved. - Terms of Service - Privacy Policy.