Aker Wins 5-Year Umbilicals, Cables Contract with Shell

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

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
 -  Buru Energy Hits Oil at Praslin 1 Well (Aug 28)
 -  IOG Gets 3-Month Skipper License Exten... (Aug 28)
 -  UIL Energy to Acquire Perth Basin 2D S... (Aug 28)
 -  Galilee Completes Acquisition of ATP 5... (Aug 27)
 -  NPD Grants Statoil Drilling Permit in ... (Aug 27)


Most Popular Articles

From the Career Center
Jobs that may interest you
Production Operators
Expertise: Production Operator|Well Servicing & Testing
Location: St.Clairsville Ohio, OH
 
District Manager
Expertise: Operations Management|Well Servicing & Testing|Workover or Completion
Location: Colorado and Bryan, Texas
 
Shop Foreman
Expertise: Inventory Control|Maintenance Technician|Well Servicing & Testing
Location: Denver, Colorado Sidney, Montana and Midland, Texas
 
search for more jobs

Brent Crude Oil : $50.05/BBL 5.23%
Light Crude Oil : $45.22/BBL 6.25%
Natural Gas : $2.72/MMBtu 3.42%
Updated in last 24 hours