Aker BP Awards PSV Frame Agreements

Friday, March 1, 2019

Aker BP ASA announced it has awarded frame agreements with three suppliers for the provision of platform supply vessels (PSV), in a move that aims to reorganize the value chain.

The three suppliers Simon Møkster Shipping AS, Eidesvik Offshore ASA and Solstad Offshore ASA signed the agreements in Stavanger on Thursday. The duration of the frame agreements is initially for three years, with the option of two additional periods of two years each.

Per Harald Kongelf, SVP Improvement at Aker BP, said the frame agreements mark a first step toward a strategic partnership with selected suppliers, with the potential to evolve into a future alliance concept.

“Aker BP aims to reorganize the value chain to drive significant improvements and increase efficiency in how we operate our assets on the Norwegian Continental Shelf,” he explained.

Aker BP said it will work with its selected partners to develop commercial compensation models based upon performance-driven key performance indicators. The goal is to secure Aker BP’s need for safe and reliable transportation of cargo to the offshore facilities, it said.

Kongelf said PSVs will be an essential part of a more integrated concept that will involve the entire chain of offshore logistics.

Categories: Contracts Offshore Vessels Industry News Support Vessel Europe

Related Stories

Longitude Launches New PSV Design to Target Cost Efficiencies

MacGregor Nets AHC Subsea Crane for Floating Wind Farm Vessel

Windward Offshore Takes Delivery of Vard-Built CSOV

Current News

QatarEnergy Receives Offshore Exploration License From Libya

Libya Awards First Oil Blocks Since 2007 to Chevron, Eni

TGS Embarks on Multi-Client 2D Survey off Angola

Orbital Marine Grows UK and Canada Tidal Energy Orderbook to 32MW

Subscribe for OE Digital E‑News