Aker Solutions signs sub-surface frame agreement with Statoil
17 March 2010 - Aker Solutions' geo business has signed a three-year frame
agreement with Statoil to supply sub-surface consultancy services within the
areas of production geology, exploration geology and reservoir technology.
Contract value is undisclosed.
The agreement is valid a period of three years, from 1 March 2010. In addition,
Statoil has options to extend the agreement with two one-year periods. The
agreement is valid to cover Statoil's assets worldwide.
"This is a significant contract for us, with an important oil company who we
share a great deal of history with," says Erik Sverre Jenssen, president of Aker
Solutions' geo business.
"We are one of the largest sub-surface consultancy businesses on the Norwegian
continental shelf (NCS), and this contract both confirms our competitiveness and
is a recognition of our competence. As a result, we will probably be looking at
expanding our capacity within the market segments the contract covers," adds
Aker Solutions' sub-surface consultancy Aker Geo AS delivers services through
the whole subsurface value chain, from exploration to production. The unit
comprises a team of 60 geologists, geophysicists and reservoir engineers. Its
main fields of activity are geological and geophysical interpretation,
petrophysics, reservoir modelling and simulation, wellsite geology as well as
production technology and operations.
Aker Solutions' contract party is Aker Geo AS.
For further information, please contact:
Endre Johansen, VP Communications, Aker Solutions. Tel: +47 22 94 58 91, Mob:
+47 416 10 605, e-mail: firstname.lastname@example.org
Lasse Torkildsen, SVP Investor Relations, Aker Solutions. Tel: +47 67 51 30 39,
Mob: +47 911 37 194
For further information about sourcing and potential subcontracts for this
project, please contact BA Global Sourcing Champion, telephone number found
Aker Solutions ASA, through its subsidiaries and affiliates ("Aker Solutions"),
is a leading global provider of engineering and construction services,
technology products and integrated solutions. Aker Solutions' business serves
several industries, including oil & gas, refining & chemicals, mining & metals
and power generation. The Aker Solutions group is organised in a number of
separate legal entities. Aker Solutions is used as the common brand/trademark
for most of these entities.
Aker Solutions' parent company is Aker Solutions ASA. Aker Solutions has
aggregated annual revenues of approximately NOK 54 billion and employs
approximately 22 000 people in about 30 countries.
Aker Solutions is part of Aker (www.akerasa.com ), a
group of premier companies with a focus on energy, maritime and marine resource
industries. The Aker companies share a common set of values and a long tradition
of industrial innovation. As an industrial owner controlling 40.27 percent of
the shares in Aker Solutions through Aker Holding AS, Aker ASA takes an active
role in the development of Aker Solutions.
This press release may include forward-looking information or statements and is
subject to our disclaimer, see www.akersolutions.com