Aker Bids Low for Subsea Tree Contract in Brazil

Aker Solutions is the lowest bidder for a four-year frame agreement to supply 61 subsea trees to Brazilian national oil company Petrobras. This has been announced at a public bid opening in Brazil.

Standard procedure is that the company with the lowest bid enters technical clarifications and commercial negotiations with Petrobras. It is expected that this process will take a couple of months, and that a contract could be signed during Q2 2010.

Aker Solutions' bid stands at 195 million Euros.


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