What's Happening?
Aker Solutions has been awarded a five-year extension for its brownfield services contract with ExxonMobil Canada Properties, the operator of the Hebron platform located offshore Newfoundland and Labrador. This contract, valued between NOK 1.5 billion
and NOK 2.5 billion, involves continued maintenance and modification services. The extension builds on an original agreement from 2015, under which Aker Solutions has been providing engineering, procurement, and construction services. The project will be managed from Aker Solutions' office in St. John's, which has seen its workforce grow from 100 to 350 employees. The company emphasizes its commitment to delivering efficient and cost-effective solutions, leveraging its Project Execution Model.
Why It's Important?
This contract extension underscores Aker Solutions' significant role in Canada's East Coast oil and gas industry, where it has been active for over three decades. The continued partnership with ExxonMobil Canada highlights the importance of the Hebron platform in the region's energy landscape. The contract not only secures jobs for Aker Solutions' expanded workforce but also reinforces the company's strategic focus on the Canadian market. This development is crucial for maintaining the operational efficiency and safety of the Hebron platform, which is a key asset in the region's oil production capabilities.
