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(WO) — Aker Options has secured a five-year brownfield companies contract extension from ExxonMobil Canada Properties, as operator of the Hebron platform offshore Newfoundland and Labrador. The settlement covers continued upkeep and modification (M&M) companies and will likely be booked as an order consumption within the fourth quarter of 2025 below the corporate’s Life Cycle section.
Hebron offshore platform
The brownfield M&M contract represents a big award, valued between NOK 1.5 billion and NOK 2.5 billion. It extends the unique engineering, procurement, and development (EPC) enabling settlement awarded in 2015, below which Aker Options has delivered a spread of platform upgrades and modifications.
“We’ll leverage our multi-discipline Venture Execution Mannequin to ship fit-for-purpose options with pace and precision, making certain profitable outcomes whereas lowering prices,” stated Paal Eikeseth, Govt Vice President and Head of Aker Options’ Life Cycle enterprise.
The work will likely be managed from Aker Options’ St. John’s workplace, the place the corporate has expanded its workforce from 100 to 350 staff lately. The undertaking underscores Aker Options’ long-term dedication to Canada’s East Coast oil and gasoline trade, the place it has offered multi-disciplinary companies for greater than three many years.
“We’re happy to proceed our collaboration with ExxonMobil Canada Properties, as operator of the Hebron platform,” Eikeseth added. “Canada is a key marketplace for us, and we stay centered on delivering sturdy buyer worth by our native capabilities and expertise.”
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