Aker Solutions Secures Two Subsea Framework Contracts With BP
Aker Solutions secured two five-year framework agreements for potential future deliveries of subsea production systems and lifecycle services at BP-operated oil and gas fields worldwide. Both contracts started in August.
The first five-year contract covers engineering, procurement and construction of subsea production systems for new and maturing developments, according to an Oct. 27 press release.
Aker Solutions would bid for work as one of four preferred suppliers for BP’s worldwide development portfolio. There is a five-year service agreement, coinciding with the first contract, for any equipment delivered under the first contract and to support previously installed subsea hardware.
The size of the framework agreements depend on the amount of work necessary, and orders will be booked as they come in.
Aker CEO Luis Araujo said the company has been partnering with BP Plc for more than 20 years.