Global Leader in International Oil and Gas Industry News

posted in:

Aker Solutions wins surface wellhead contract in Egypt

Wednesday, Apr 11, 2012

International oil services group Aker Solutions has signed a two-year frame agreement with Egyptian oil giant Badr Petroleum Company (Bapetco). Aker Solutions will be the sole supplier for all of the oil company's surface wellhead equipment, installation and lifecycle services operations in the Western Desert of Egypt. Contract value is undisclosed.

Dave Hutchinson, president of Aker Solutions in Asia Pacific says: "We are very excited about this award, as it marks the successful entry of our surface business into the Egyptian and North African markets. Our ambition is to grow Aker Solutions' operations in the Middle East and North Africa."

The contract will be delivered out of Aker Solutions' surface products manufacturing centre in Batam, Indonesia, which was established in 1992. In 2009, Aker Solutions upgraded the Batam facility in order to increase its production capacity. As a result, manufacturing capacity for production and assembly of surface wellheads and trees has increased by more than 50 percent, or equivalent to 300,000 man hours. Aker Solutions employs approximately 320 people in Batam of which 90 percent are locals.

Aker Solutions is one of the world's leading oilfield products, systems and services companies. The company has 23 500 employees in 30 countries worldwide and had aggregated annual revenues of approximately NOK 36.5 billion (USD 6.5 billion) in 2011.

The contract was signed and booked as order intake in the first quarter of 2012. The contract party is Aker Solutions Singapore Pte.

Source: Aker Solutions

To access over 2,700 of the latest oil projects from across the world visit Projects OGP for free trial today

posted in:

Other Oil & Gas News

Oando Energy Resources increases deposit for acquisition of Nigerian Upstream Oil and Gas Business of ConocoPhillips 18-04-2014
Linde will be exclusive hydrogen supplier for the Shell Eco-marathon in Houston 18-04-2014
Technip wins Umbilical contract for Kaombo project in Angola 18-04-2014
Forest Oil announces first quarter 2014 earnings release date and teleconference 18-04-2014
Saipem announces awarded FPSO contracts in Angola worth more than $4 billion 18-04-2014
Endeavour announces settlement of SM Energy litigation 18-04-2014
Drilling and production update 18-04-2014
Shell announces Malaysia deep-water gas discovery 18-04-2014
Meeting between the Ukrainian Minister of Energy, Yuri Prodan, and Eni's CEO Paolo Scaroni 18-04-2014
Linc Energy’s dispute with QLD Government not considered a material issue 18-04-2014