Aker BP agrees long term framework agreements with multiple contractors

Aker BP agrees long term framework agreements with multiple contractors

Apr 11, 2017
3 min read
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Aker BP has agreed several long term framework agreements with multiple contractors, including Aker Solution and Kvaerner, to provide engineering and procurement services for new offshore field installations.

The deal covers construction and hook-up of fixed offshore platforms, including topsides and steel jacket substructures. The first project is expected to be the Valhall West Flank normally unmanned installation.

Aker BP has decided to enter into long-term, interdependent collaboration with strategically important suppliers. So under AKR BP's management alliance members will work integrated with a one for all mind-set.

The scope of work for Aker Solutions includes a range of fixed facilities from small wellhead platforms to complete oil and gas field centers. It covers work in all project phases and includes early-phase studies, front-end engineering and design (FEED), detail engineering and follow-on engineering.

The contract has a fixed term of six years, starting this month, and may be extended by four years.

"We're pleased to build on our relationship with Aker BP with this key contract and look forward to working together to drive efficiencies and maximise value," said Luis Araujo, chief executive officer of Aker Solutions.

Kvaerner's role in the alliance will include fabrication of jackets and topsides for fixed platform installations. In the agreement, hook-up and commissioning assistance is also defined as key Kvaerner roles in upcoming projects. The value of the agreement will depend on which future projects Aker BP decides to call off deliveries from Kvaerner for.

"For Kvaerner, to become a strategic alliance partner with Aker BP opens up significant business opportunities.  Our role in the alliance means that we can leverage the expertise and capabilities from Kvaerner's entire organisations at Stord, in Verdal and at Fornebu. The agreement is also an important driver for further development of new solutions, such as Kvaerner's Subsea on a Stick concept for small, cost effective unmanned platforms," said Jan Arve Haugan, President  & CEO of Kvaerner.


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