Total Cancels Skandi Aker Vessel Contract

Norway's Aker Solutions reported Wednesday that its subsidiary, Aker Oilfield Services, has been notified by Total in Angola of the termination of a $250-million, two-year contract for the Skandi Aker vessel. Skandi Aker, a well-intervention vessel, started operations in September 2013 when the contract with Total began.

Aker said that the value of the remaining contract period is about $150 million and that this will be removed from the company's order backlog.

The firm added that the vessel's capacity utilization has been 37 percent so far in 2014 after operations halted at the end of March for maintenance and repairs.



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

WHAT DO YOU THINK?

Click on the button below to add a comment.
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
 -  Petrofac Suspends Group Chief Operatin... (May 25)
 -  EnQuest On Track For Kraken First Oil ... (May 25)
 -  Energean Signs Lease Agreement for Exp... (May 25)
 -  Seadrill CEO Praises Workforce (May 24)
 -  Serinus Shuts-In Sabria Field Due to S... (May 23)


Most Popular Articles

From the Career Center
Jobs that may interest you
Mudlogger - NE Region
Expertise: Mud Logging
Location: Pennsylvania, PA
 
Equipment Operator - San Antonio
Expertise: Coil Tubing|Driller|Production Operator
Location: San Antonio, TX
 
Pump Operator San Antonio
Expertise: Coil Tubing
Location: San Antonio, TX
 
search for more jobs

Brent Crude Oil : $51.46/BBL 4.63%
Light Crude Oil : $48.9/BBL 4.78%
Natural Gas : $3.18/MMBtu 0.90%
Updated in last 24 hours