Long term contract with BP Norge extended further

An Aker Kvaerner Oil and Gas product story

Edited by the Processingtalk editorial team Feb 1, 2007

BP has exercised a two year option with Aker Kvaerner for supply of maintenance and modification services on all BP operated assets on the Norwegian Continental Shelf

BP has exercised a two year option for supply of maintenance and modification services by Aker Kvaerner in Stavanger, Norway.

The contract covers all BP operated assets on the Norwegian Continental Shelf.

Contract value is NOK 600 million for the period up to March 2009.

Aker Kvaerner has delivered maintenance and modification services to all BP operated assets on the Norwegian Continental Shelf since 1999.

A contract renewal was awarded to Aker Kvaerner in 2005 including three two year options whereof the first is exercised.

The contract period is extended until March 2009 with an expected contract value of NOK 600 million.

Scope of work includes front end studies, engineering, prefabrication and offshore installation and completion work on the Valhall, Ula, Tambar and Hod fields.