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Aker Awarded Frame Agreement with Exxonmobil

Source: www.gulfoilandgas.com 6/27/2012, Location: Europe

Aker Solutions has been awarded a frame agreement by ExxonMobil Exploration and Production Norway AS. Contract value is undisclosed. The frame agreement covers engineering, procurement, construction and installation for ExxonMobil's operated assets on the Norwegian continental shelf. The fixed contract duration is five years from 2012 to 2017, with options for two additional five year periods. The frame agreement will be managed from Stavanger.

"We are very proud to be chosen by ExxonMobil to undertake this work on the Norwegian continental shelf," says Tore Sjursen, head of maintenance, modifications and operations in Aker Solutions.

"This agreement ensures a great deal of predictability for Aker Solutions," Sjursen adds.

Aker Solutions' maintenance and modification work for ExxonMobil spans more than a decade. The first contract between the parties was signed in 1998, and cooperation has continued since then. The agreement will cover Balder, Jotun A, Jotun B and Ringhorne assets operated by ExxonMobil on the Norwegian continental shelf. Contract parties are Aker Solutions' subsidiary Aker Solutions MMO AS and ExxonMobil Exploration and Production Norway AS.

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