BP Extends Aker's Maintenance, Modification Contract

BP has extended the maintenance and modification contract with Aker Solutions, exercising a one-year option in the existing agreement for the Ula, Valhall, Hod and Tambar fields.

The work scope includes engineering, procurement, fabrication, installation and maintenance support services. The contract also includes hook-up and completion of the new PH platform at Valhall and tie-in of Oselvar to the Ula field. Work under the new options is expected to last until April 2012.

The Valhall oil field lies in the Norwegian North Sea on Blocks 2/8 and 2/11 in 230 feet (70 meters) of water. BP serves as the operator and holds a 43.81% interest; Hess Norge AS holds 28.09%; and Norske Shell AS holds the remaining 28.09%. 

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