By Dominic Chopping
Norwegian oil-and-gas industry service providers Aker Solutions ASA said Friday it has secured a three-year contract extension to an existing framework agreement for work at North Sea fields operated by ConocoPhillips.
The company said it will continue as ConocoPhillips's main supplier of maintenance and modifications work offshore Norway, with the agreement running from January 2021 until the end of 2023.
The contract value will be determined by future call-offs for maintenance and modifications work and could range between 300 million Norwegian kroner and 700 million Norwegian kroner ($33.2 million-$77.5 million) a year, Aker said.
The contract will be booked as order intake in the third quarter of 2020.
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