Aker Solutions wins services contract from Petrobras in Brazil

The four-year contract is valued at about $102m and includes an option for a one-year extension.

The order covers a range of services to renovate, repair and upgrade the floating production storage and offloading platforms, or FPSOs, at the Barracuda, Caratinga and Albacora Leste fields in the Campos Basin. It also entails management at the yard where replacement parts and other equipment will be fabricated.

"Brazil is an important global market and growth area for servicing oil and gas fields," said Aker Solutions ceo Luis Araujo. "We look forward to helping Petrobras optimize and extend the life of these assets."

The company will execute the work from its CSE Mecânica e Instrumentação Ltda services base in Macaé, Rio de Janeiro. Aker Solutions acquired a majority stake in CSE in December 2016. The contract will be booked in first-quarter orders.

The work starts in March 2018, with final deliveries scheduled for the first quarter of 2022.

Add Seatrade Maritime News to your Google News feed.