Oilfield services provider Aker Solutions has won a framework agreement with Equinor to provide maintenance and modifications services at the Peregrino field, offshore Brazil.
The contract has a fixed period of four years and includes an option for a two-year extension, Aker Solutions said on Monday.
The new contract means an expansion of the more than 40 years of cooperation in the North Sea.
“We are excited to build on our strong relationship with Equinor”, said Linda Litlekalsøy Aase, executive vice president, electrification, maintenance and modifications at Aker Solutions.
“Together we will ensure safe and successful operations in Brazil, work to extend the lifetime of Equinor’s assets and find low-carbon solutions where possible”.
Brazil is a vital market where Aker Solutions sees opportunities for several types of deliveries. The company’s strategy is to use its subsea manufacturing facilities in the country as a hub to serve both local projects and international developments, the company explained.
In recent years, Aker Solutions has won several subsea contracts from Equinor, where parts of the subsea equipment are manufactured in Brazil.
This includes projects such as Johan Castberg, Troll, and Breidablikk in Norway.
The value of the frame agreement depends on the amount of work requested by the client. Orders will be booked as they are received. No order intake will be booked at this stage.
The Peregrino field is Equinor’s largest international operation outside Norway, and Phase Two involves the addition of a third fixed wellhead platform to the field, extending its main productive life and adding 273 million in recoverable reserves.
The Peregrino oil field is located in licences BM-C-7 and BM-C-47, approximately 85km offshore Brazil, in the Campos basin, in water depths of 100m.
The second phase is expected to be developed at a cost of $3.5bn and will start production in 2021.
Source: Offshore Energy