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Aker Solutions' subsidiary Aker Oilfield Services has received a contract from Total E&P Angola for providing subsea intervention services from the oil services company's purpose-built intervention vessel, Skandi Aker.
The agreement is valid for a period of two years plus options for three further one-year periods. The firm two-year part of the contract has an aggregated value of approximately $250 million.
Start-up of operations is planned to take place offshore Angola in 1Q 2013.
"Skandi Aker is able to perform deepwater well intervention services that oil companies previously needed drilling rigs to conduct. We do it quicker and more cost effectively, which will increase the frequency of intervention operations and enable our customers' subsea wells to produce more oil and gas," said Karl Erik Kjelstad, president of Aker Oilfield Services and head of the oilfield services and marine assets business area in Aker Solutions.