OKEA extends Aker Solutions frame agreement offshore Norway

Offshore staff

TRONDHEIM, Norway – OKEA and its license partners, have exercised option periods for their frame agreement with Aker Solutions for operations and modification services in the Norwegian sector.

By exercising all the optional periods, OKEA said it aims to secure a long-term strategic relationship that offers predictability to ensure access to necessary resources and competence, also allowing for smarter and more efficient ways of working.

The agreement covers all OKEA’s operated facilities on the Norwegian continental shelf. It was initially drawn up by Norske by Shell in 2017 and later transferred when OKEA acquired its interests in the Draugen and Gjøa field areas in 2018.

Aker Solutions will continue to work on modifications on the Draugen oil and gas platform to process gas from the Hasselmus tieback, with the project due to be completed at the end of 2023.

The company is also supporting the Draugen power from shore project, currently in the FEED phase. An investment decision and plan for development and operations should follow in late 2022.

3/12/2022