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.
The agreement is for work on the North Sea fields Ula, Tambar, Hod and Valhall as well as the Skarv deposit in the Norwegian Sea. The work will be managed and executed by Aker Solutions' maintenance, modifications and operations units in Stavanger and Sandnessjøen and at the company's fabrication yard in Egersund.
Aker Solutions has worked with BP in Norway for more than twenty years and signed the first long-term framework agreement contract of this type with the company in 1999.