AGR Wins Maintenance and Inspection Contract from Aker Borgestad

AGR Group said that its AGR EmiTeam division has been awarded an important contract to provide maintenance and inspection management solutions for floating production and storage offloading (FPSO) vessels operated by Aker Borgestad Operations.

Phase 1 of the contract is worth NOK 4 million for the first FPSO, SMART 1, with options to extend into Phase 2 which will include the next three SMART FPSO's. Total value is estimated to amount to approximately NOK 13 million.

AGR EmiTeam, which is part of AGR's Field Operations division, will provide ABO with a total maintenance management solution in one integrated package. The integrated package is expected to deliver reduced total cost of ownership, cross-departmental cost efficiency, superior overview and understanding, and elimination of redundant tasks.

"This contract represents a major milestone for AGR," commented Age Landro, AGR EmiTeam Managing Director. "It serves as an excellent indicator of our ability to provide engineering and consultancy on a global basis, backed up by our worldwide network. This proves that the strategic decision we made in 2005, when we integrating maintenance engineering into our existing AGR EmiTeam organization, has been recognized by the market. The fact that we are also supplying several similar smaller agreements demonstrates there is a need for a supplier who can provide bundled services." "At AGR EmiTeam, we enjoy nothing more than working with partners to create solutions above and beyond standard maintenance programs, and we are delighted to be working with Aker Borgestad Operations."

Aker Borgestad Operations will operate oil and gas production vessels on behalf of Aker Floating Production, which is planning a fleet of several floating production storage and offloading (FPSO) units. Aker Borgestad Operations is owned by Aker Kværner Operations, Aker Floating Production, Aker Yards and Aktieselskabet Borgestad.