Kvaerner inks Aker BP framework deal

Kvaerner and Aker BP have signed a framework agreement that will see Kvaerner provide construction and hook-up of fixed offshore platforms, including topsides and steel jacket substructures. The first project of the deal is set to be the Valhall West Flank normally unmanned installation.

Kvaerner, Aker BP signing. Image from Kvaerner.

The framework agreement is for six years, with an option for four additional years.

In the deal, Kvaerner's role in the alliance will include fabrication of jackets and topsides for fixed platform installations. Hook-up and commissioning assistance is also defined as key role in upcoming projects. The value of the agreement will depend on which future projects Aker BP decides to call off deliveries from Kvaerner.

Kvaerner says that it is one of several contractors selected by Aker BP for long-term framework agreements.

According to Kvaerner, Aker BP intends to develop and execute work by using a more integrated project delivery model in the company's field development and modification projects, creating a "Platform Alliance" for each project.

Under Aker BP's management, Kvaerner and the other alliance members will work as an integrated team, with a "One for All - All for One" mind-set.
"For Kvaerner, to become a strategic alliance partner with Aker BP opens up significant business opportunities.  Our role in the alliance means that we can leverage the expertise and capabilities from Kvaerner's entire organizations at Stord, in Verdal and at Fornebu. The agreement is also an important driver for further development of new solutions, such as Kvaerner's Subsea on a Stick concept for small, cost effective unmanned platforms," says Jan Arve Haugan, president and CEO of Kvaerner.

In the oil and gas industry, Aker BP has taken a leading role in driving step change reduction to costs and project execution time, while simultaneously enhancing HSSE, says Kvaerner.

“The operator's ambition is thus to increase the productivity, quality, flow- and time efficiency throughout the value chain, and thereby increase the value creation and competitiveness of the company. A strategic core element in this effort to improve is to enter into long-term, interdependent collaboration with strategically important suppliers,” says the company.

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