Aker Solutions Gets $125 Million Subsea Services Pact From Petrobras
15 April 2016 - 5:54PM
Dow Jones News
By Dominic Chopping
Norway's Aker Solutions ASA (AKSO.OS) said Friday it has been
awarded a 435 million Brazilian Real ($125.3 million) contract to
provide maintenance and other services for subsea facilities at
Petrobras-operated oil and gas fields offshore Brazil.
The contract is for a fixed term of three years and may be
extended by another three years. It covers maintenance, storage,
supply of parts and technical assistance for all subsea equipment
delivered by Aker Solutions to Petrobras in Brazil.
Aker Solutions is in April opening a new subsea manufacturing
center in Curitiba, doubling its local production capacity. The
company is also upgrading its subsea services unit in Rio das
Ostras to better meet customer demand.
It said the contract is booked as part of Aker Solutions'
first-quarter order intake.
-Write to Dominic Chopping at dominic.chopping@wsj.com; Twitter:
@domchopping @WSJNordics
(END) Dow Jones Newswires
April 15, 2016 03:39 ET (07:39 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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