Aker Solutions won a framework agreement on Nov. 23 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.
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.
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.
Recommended Reading
Crescent Energy Closes $905MM Acquisition in Central Eagle Ford
2025-01-31 - Crescent Energy’s cash-and-stock acquisition of Carnelian Energy Capital Management-backed Ridgemar Energy includes potential contingency payments of up to $170 million through 2027.
Vitesse Energy Closes $220MM Acquisition of Bakken Pureplay Lucero
2025-03-07 - Vitesse Energy Inc. agreed to purchase Bakken E&P Lucero Energy Corp. in December in an all-stock transaction valued at $222 million.
Atlas Energy Solutions to Acquire OFS Power Company Moser for $220MM
2025-01-27 - Atlas Energy Solutions said it will purchase Moser Energy Systems in a cash-and-stock deal that adds power services in the company’s core Permian Basin operating area.
Ring Energy Bolts On Lime Rock’s Central Basin Assets for $100MM
2025-02-26 - Ring Energy Inc. is bolting on Lime Rock Resources IV LP’s Central Basin Platform assets for $100 million.
ConocoPhillips to Sell Interests in GoM Assets to Shell for $735MM
2025-02-21 - ConocoPhillips is selling to Shell its interests in the offshore Ursa and Europa fields in the Gulf of Mexico for $735 million.