| Work Detail |
Norway’s Aker Solutions has won a long-term frame agreement for the provision of EPC services for brownfield projects and modifications for two FPSOs in Angola from Azule Energy. This is a continuation of the current frame agreement Aker Solutions has with Azule Energy, Angola’s largest independent producer of oil and gas and a joint venture between Eni and BP. The scope of work is focused on two FPSOs – the Greater Plutonio and PSVM. The work comprises engineering, procurement, and construction services of the brownfield maintenance and modifications scopes. The contract has a duration of three years plus two one-year options. The work will be executed and delivered by the Aker Solutions team based in Luanda and Aberdeen. Project management will be based in Angola to be close to the operation. Currently, over 40% of the total scope volume is being executed in Angola, and a significantly increased target has been set for the new contract period. The Azule Energy deal will be booked as part of Aker Solutions’ second-quarter order intake in the life cycle segment. No specific details were provided regarding the value of the deal apart from describing it as a ‘sizeable’ deal which for the Norwegian company is worth somewhere between $47m and $142m (NOK 500m and NOK 1.5bn). |
