Aker Solutions wins two contracts in Norway

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Aker Solutions wins two contracts in Norway

Aker Solutions Awarded Two MMO Contracts From ConocoPhillips in Norway.

Aker Solutions’ maintenance, modifications and operations (MMO) business in Norway secured two contracts for work at North Sea fields operated by ConocoPhillips.

The company received a framework agreement for a fixed period of five years to become ConocoPhillips’ main supplier of maintenance and modifications work offshore Norway. The agreement may be extended by up to three years and covers work on all installations at the Ekofisk and Eldfisk fields offshore Norway, starting in February.

The contract value depends on how much maintenance and modifications work is undertaken over the next five years and could range between NOK 1 billion and NOK 3 billion in that period. The range neither represents a minimum nor a maximum amount but serves to illustrate a realistic, yet uncertain range.

Aker Solutions was also one of three companies awarded a contract to compete for work on large, complex modifications projects at these fields. This contract has the same fixed period and option as the framework agreement.

“We’re very pleased to secure these two major agreements with ConocoPhillips, which build on the strengths of our operations in Norway and our expertise in complex modifications,” said Luis Araujo, chief executive officer of Aker Solutions.

Work on both contracts will be managed and executed by Aker Solutions’ MMO unit in Stavanger and fabrication yard in Egersund. The agreements will also provide work for offshore employees.

“The Ekofisk and Eldfisk installations comprise one of the largest maintenance and modifications portfolios offshore Norway and these contracts will help secure jobs in key parts of our Norwegian MMO business,” said Per Harald Kongelf, head of Aker Solutions’ Norwegian operations.

Source: www.akersolutions.com

Moving Abroad Checklist

Initial Considerations

Will your partner be travelling with you?

If so, what will they be giving up in your present home and will they be able to continue with their career in your new home? You will need to check whether a separate visa is required for your partner to work or if your visa gives that right. If they are unable to work you will need to decide on the effect on your finances and what alternatives are available to give a fulfilling life (home business, training, voluntary work).

Are you taking family with you?

Moving with family raises many exciting opportunities, but also can create challenges. The HSBC Expat Explorer survey indicates that expat kids can take six months to settle in to their new country (see article). Getting young or even older children to prepare to move and leave their friends and family behind can be a challenge and should be thought through.

The options for education is another area that needs to be thought through.

Moving your child to a new country with a different education system can be a great opportunity to broaden their experience, but if they are close to key exams the timing can make this inadvisable. If you do take your family with you, it is important to decide between joining the local school system or choosing an international school.

Where will you be living?

Whether you will be living in a house or apartment, furnished or unfurnished, these decisions will affect what you need to take with you. The time you are planning to live overseas will also affect whether you should leave your property at home empty, rent it out or sell it. See the article Sell, Store or Ship.