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.
WHAT DO YOU THINK?
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.
Operates 28 Offshore Rigs
- Shell Looks Beyond Road Fuels to Secure Future of Refining (Nov 06)
- API Panel Member: Voluntary Methane Program Forthcoming (Oct 06)
- Eni Bets Big on Zohr Explorer Finding New Treasure (Oct 06)
Company: Aker Solutions more info
- Aker BP Buys Hess' Norway Unit For $2B (Oct 24)
- Aker Completes More Than Two-Thirds of Cost-Cutting Program (May 09)
- Aker Solutions Reduces Total Headcount by Almost 5,000 Since 2014 (Mar 30)