Aker Wins 5-Year Umbilicals, Cables Contract with Shell

Printer Friendly Version
Email this Page

Norwegian oilfield services firm Aker Solutions announced Tuesday that it has won a contract with Royal Dutch Shell to deliver subsea umbilicals and cables globally.

The size of the frame agreement is dependent on call-offs and the number of projects that Shell decides to execute. However, Aker Solutions estimates that the frame agreement could generate revenues between $200 and $400 million. Order intake will be booked whenever the specific contracts are signed, the firm added.

The Enterprise Framework Agreement (EFA) with Shell is signed for the duration of five years with an option for an additional five years. Aker Solutions will deliver dynamic and static steel tube umbilicals for both shallow and deepwater applications.

"We look forward to safeguard Shell's valuable assets and contribute to their production success globally. Aker Solutions has developed market-leading umbilicals technology, proven to provide the widest range of functionality. We are extremely pleased and honored by this award," Tove Røskaft, who heads Aker Solutions' umbilicals business, commented in a company statement.

The umbilicals and cables will be manufactured and delivered out of Aker Solutions' facilities in Moss, Norway and Mobile, Alabama, supported by project management, design and engineering in Fornebu, Norway and the Mobile office.
 

 



Have a news tip? Share it with Rigzone!
Email news@rigzone.com

Printer Friendly Version
Email this Page

WHAT DO YOU THINK?

Post a Comment Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE

More from this Author
Rigzone Staff
e-mail us at news@rigzone.com
 -  Jura Posts Test Results for Reti-2 Wel... (May 28)
 -  AMEC Foster Wheeler Bags Pre-FEED Cont... (May 28)
 -  DNO Announces Production Increase at T... (May 28)
 -  NPD Grants Det Norske Drilling Permit ... (May 28)
 -  DNV Appoints New CEO, Who Warns of Tou... (May 28)


Most Popular Articles

From the Career Center
Jobs that may interest you
SAP ITT BI Technical Lead
Expertise: Well Control
Location: Houston, MN
 
SAP ITT BI Reporting Developer
Expertise: Well Control
Location: Houston, MN
 
Software Development Engineer in Test
Expertise: Well Control
Location: Katy, TX
 
search for more jobs

Brent Crude Oil : $62.58/BBL 0.83%
Light Crude Oil : $57.68/BBL 0.05%
Natural Gas : $2.71/MMBtu 3.90%
Updated in last 24 hours