Subsea 7 Extends Frame Agreement with Aker BP, Securing Four More Years of Collaboration

Tuesday, June 6, 2023
©Subsea 7

Offshore installation services company Subsea 7 on Tuesday announced an extension of its existing frame agreement with the Norwegian oil company Aker BP for four years to the end of 2028. 

The agreement covers the provision of engineering, fabrication and installation activities for subsea umbilical, risers and flowlines (SURF) as part of Aker BP’s field developments on the Norwegian continental shelf.

The value of the work to be called off under the frame agreement will be recognised in Subsea7’s backlog when each new project is sanctioned, Subsea 7 said.

Monica Th. Bjørkmann, Senior Vice President for Subsea7 Norway said: “The continuation of the frame agreement is a testament to our collaboration with Aker BP. The strategic partnership enables Subsea 7 to engage early in the field development process, optimising design solutions and contributing to positive final investment decisions for future projects on the Norwegian continental shelf.”

Categories: Energy Engineering Industry News Activity Europe Construction Vessels

Related Stories

Fugro Secures Offshore Wind Site Survey in German North Sea

Fugro Secures Offshore Wind Site Survey in German North Sea

Jotun FPSO Starts Production at Balder Field in North Sea

Jotun FPSO Starts Production at Balder Field in North Sea

Norway's Oil and Gas Output Falls Behind Forecast In May

Norway's Oil and Gas Output Falls Behind Forecast In May

Current News

Norway Identifies Four More Sites for Offshore Wind Development

Prio Aims to Double Oil Output in 2026

ABS: Floating CO₂ Injection Facilities Report

Iran’s Top Security Body to Weigh In on Strait of Hormuz Closure

Subscribe for OE Digital E‑News

Offshore Engineer Magazine