Aker Solutions said it won a contract to provide maintenance and modifications services for three platforms at Petrobras-operated oil and gas fields offshore Brazil, expanding its business in a key international market.
The four-year contract is valued at about NOK 800 million (US$101.3 million) and includes an option for a one-year extension, Aker said in a statement.
The contract covers a range of services to renovate, repair and upgrade the floating production storage and offloading platforms, or FPSOs, at the Barracuda, Caratinga and Albacora Leste fields in the Campos Basin. It also entails management at the yard where replacement parts and other equipment will be fabricated.
"Brazil is an important global market and growth area for servicing oil and gas fields," said Aker Solutions chief executive officer Luis Araujo. "We look forward to helping Petrobras optimise and extend the life of these assets."
The company will execute the work from its C.S.E. Mecânica e Instrumentação Ltda services base in Macaé, Rio de Janeiro. Aker Solutions acquired a majority stake in C.S.E. in December 2016.
The work starts in March 2018, with final deliveries scheduled for the first quarter of 2022.
Aker will book the contract in first-quarter orders.