Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Norway
  4. Oslo Bors
  5. Aker Solutions ASA
  6. News
  7. Summary
    AKSO   NO0010716582

AKER SOLUTIONS ASA

(AKSO)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Aker Solutions Gets Contract for Work on Floating, Production, Storage and Offloading Vessel

10/21/2021 | 04:17am EST

By Dominic Chopping

Aker Solutions ASA said late Wednesday that it has received a letter of intent for a front-end engineering and design contract from Equinor ASA for a floating, production, storage and offloading vessel for the Wisting oil field development in the Norwegian Barents Sea.

The intended contract includes an option that could represent a significant contract for engineering, procurement, construction and integration of the topside for the vessel .

Work on the front-end engineering and design starts immediately with planned completion in the third quarter of 2022, it said.

Equinor is operator of the Wisting field with a 35% stake. Partners include OMV Norge AS with 25%, Petoro AS with 20%, Idemitsu Petroleum Norge AS with 10% and Lundin Energy Norway AS with 10%.

Aker Solutions defines a significant contract as being worth between 8.0 billion and 12.0 billion Norwegian kroner ($957.5 million-$1.44 billion).

Write to Dominic Chopping at dominic.chopping@wsj.com

(END) Dow Jones Newswires

10-21-21 0416ET

Stocks mentioned in the article
ChangeLast1st jan.
AKER SOLUTIONS ASA -0.33% 23.94 Real-time Quote.46.02%
EQUINOR ASA 0.66% 230.2 Real-time Quote.57.78%
WTI 0.30% 66.425 Delayed Quote.48.10%
All news about AKER SOLUTIONS ASA
05:34aKKR Completes Voluntary Offer For Norway's Ocean Yield
MT
11/29Aker Horizons' Mainstream Renewable Power Generates $101.4 Million in Capital Raise
MT
11/22NEWS HIGHLIGHTS : Top Energy News of the Day
DJ
11/19Aker Carbon Capture to Install Project at Dutch Waste-to-energy Plant
MT
11/19Hanwha Solutions to Acquire Stake in Norwegian Polysilicon Firm REC Silicon
MT
11/19NEWS HIGHLIGHTS : Top Energy News of the Day
DJ
11/18Aker Solutions Wins Contract With Petrobras For Subsea Production System
MT
11/18EUROPEAN MIDDAY BRIEFING - Stocks Flat as Oil -2-
DJ
11/18Aker Offshore Wind-Led Consortium Wins $3 Million Contract For Wind Blade Turbine Recyc..
MT
11/18Aker Solutions Gets Contract From Petrobras for Subsea Work Offshore Brazil
DJ
More news
Analyst Recommendations on AKER SOLUTIONS ASA
More recommendations
Financials
Sales 2021 29 138 M 3 204 M 3 204 M
Net income 2021 301 M 33,1 M 33,1 M
Net Debt 2021 3 681 M 405 M 405 M
P/E ratio 2021 39,0x
Yield 2021 0,54%
Capitalization 11 611 M 1 286 M 1 277 M
EV / Sales 2021 0,52x
EV / Sales 2022 0,44x
Nbr of Employees 14 888
Free-Float 44,9%
Chart AKER SOLUTIONS ASA
Duration : Period :
Aker Solutions ASA Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends AKER SOLUTIONS ASA
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 9
Last Close Price 23,94 NOK
Average target price 24,00 NOK
Spread / Average Target 0,25%
EPS Revisions
Managers and Directors
Kjetel Digre Chief Executive Officer
Idar Eikrem Chief Financial Officer
Leif Arne Lang°y Chairman
HervÚ Valla Chief Technology Officer
Dean Watson COO & Executive VP-Subsea Lifecycle Services
Sector and Competitors
1st jan.Capi. (M$)
AKER SOLUTIONS ASA46.02%1 278
WORLEY LIMITED-17.32%3 551
OFFSHORE OIL ENGINEERING CO., LTD.-2.90%2 994
TECHNIP ENERGIES N.V.0.00%2 408
SUBSEA 7 S.A.-27.71%2 068
LIBERTY OILFIELD SERVICES INC.-10.77%1 640