Aker Solutions (OSE: AKSO) won a replacement and upgrading order from Statoil (OSE: STL, NYSE: STO) for drilling equipment and systems on the Snorre A platform in the North Sea. The estimated value of the contract is 1 billion NOK.
The upgrade will extend to technical lifetime up to 2040 and keeps capacity as it is. The contract includes engineering, procurement, construction, installation and commissioning assistance. There will be plenty of projects related to extending the lifetime of existing fields in the North Sea in the coming years.
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