Shell Renews Draugen, Ormen Lange Agreements with Aker

A/S Norske Shell has decided to extend the maintenance and modification contract with Aker Solutions, exercising a 2 year option in the existing agreement for the Draugen and Ormen Lange fields. Work under the new option will last until December 2012. The contract value is estimated to be in the range of NOK 1- 1.5 billion.

The original maintenance and modification contract was signed in December 2005 with duration of five years.

"Using the option to extend the contract underlines the strong integration between A/S Norske Shell and Aker Solutions, and it enforces our determination to utilize the competence Aker has built up, from the offices in Kristiansund and Stavanger. It also holds a substantial potential to unlock closer cooperation with local engineering and fabrication businesses", says Project Manager in Norske Shell, Bernt Granås.

"We are very pleased that a key international player as Shell renews its trust in our services. This extension ensures the basis for continued growth in Mid-Norway, and at our engineering offices in Kristiansund", says president for Maintenance, Modifications and Operations in Aker Solutions, Stian Vemmestad.

Scope of work under the contract includes studies, engineering , fabrication, installation as well as commissioning and employs 600 people. In addition to ongoing maintenance and modification work, Aker Solutions is currently involved in projects related to test facility for subsea compression for Ormen Lange and produced water injection at Draugen.

Contract parties are Aker Solutions subsidiary Aker Offshore Partner AS and A/S Norske Shell.