Aker Options ASA has secured a contract extension to ship upkeep and modification providers for Vår Energi’s Jotun, Balder, and Ringhorne property within the southern space of the Norwegian Continental Shelf (NCS).
The corporate mentioned in a media launch that the five-year settlement consists of an possibility for Vår Energi to increase the contract by as much as three further two-year durations. Whereas the corporate didn’t disclose the worth tag of the contract, it dubbed it a sizeable one, which based on Aker Options is anyplace between $44 million and $132 million.
“This contract renewal displays our long-term relationship and standing as Vår Energi’s most well-liked accomplice, highlighting that our dedication to improved deliveries and optimized options is very valued by our clients”, Paal Eikeseth, Government Vice President and Head of Life Cycle at Aker Options, mentioned.
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Aker Options mentioned it has been offering upkeep and modification providers for Vår Energi’s Jotun, Balder, and Ringhorne property for greater than 20 years.
“Upkeep and modifications are important to making sure the secure and environment friendly operation of our clients’ installations and services”, Eikeseth mentioned.
Aker Options mentioned the work can be managed from its workplace in Stavanger, Norway. Fabrication, alternatively, can be carried out on the firm’s yard in Egersund. Works underneath the prolonged body settlement are set to start out in January 2025.
Vår Energi, in partnership with Kistos Power Norway AS, not too long ago accredited the Balder Section V mission within the Balder area. This speedy improvement initiative is projected to yield 33 million barrels of oil equal and can play an important position in sustaining manufacturing and producing worth past 2025, based on Vår Energi.
To contact the writer, e mail andreson.n.paul@gmail.com
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