Aker Solutions has
signed a sizeable1 contract to deliver maintenance and
modification services for Vår Energi’s Jotun, Balder, and Ringhorne assets in
the southern area of the Norwegian Continental Shelf (NCS).
The
five-year agreement includes an option for Vår Energi to extend the contract by
up to three additional two-year periods.
"This contract renewal
reflects our long-term relationship and status as Vår Energi’s preferred
partner, highlighting that our commitment to improved deliveries and optimised
solutions is highly valued by our customers," said Paal Eikeseth, executive vice president and head of life cycle, Aker Solutions.
Aker Solutions has been
providing maintenance and modifications services for Vår Energi’s Jotun,
Balder, and Ringhorne assets for more than 20 years. The operator is currently
Norway’s second-largest exporter of gas and plays a significant role in providing
reliable and affordable access to energy to Europe.
"Maintenance and
modifications are essential to ensuring the safe and efficient operation of our
customers' installations and facilities. We look forward to continuing our good
collaboration with Vår Energi to achieve this goal," said Eikeseth.
The work will be managed from
Aker Solutions' office in Stavanger, Norway, while fabrication will be carried
out at the company's yard in Egersund.
The work under the frame
agreement starts January 2025.
The contract will be booked as
order intake in the fourth quarter of 2024 in the life cycle segment.
1Aker Solutions defines a sizeable
contract as being between NOK 0.5 billion and NOK 1.5 billion.