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Aker Solutions secures field service contract from ConocoPhillips
Yahoo Finance· 2025-12-01 09:19
Core Points - Aker Solutions has signed a six-year frame agreement with ConocoPhillips Skandinavia for brownfield maintenance and modification services at the Eldfisk and Ekofisk oil and gas fields offshore Norway, with options for two additional three-year extensions starting in January 2027 [1][3] - The contract is expected to create employment opportunities for offshore personnel, emphasizing the need for standardized and efficient solutions in the global offshore industry [2] - Aker Solutions considers the contract value substantial, with the final amount determined by the actual volume of work over the six-year period, and it has been booked as an order intake within its Life Cycle segment in the fourth quarter of this year [3] Additional Context - In June, Aker Solutions secured a two-year contract extension through its joint venture with Brunei's PTAS to provide offshore maintenance and modification services to Brunei Shell Petroleum, enhancing its presence in the South China Sea [4]