Total cancels Aker Solutions’ vessel contract

Aker Solutions' subsidiary, Aker Oilfield Services, was notified by Total in Angola of the termination of a US$ 250 million, two-year contract for the Skandi Aker vessel.

Skandi Aker started operations as a well-intervention vessel for the first time in September last year when the contract with Total commenced. The value of the remaining contract period is approximately US$ 150 million and will be removed from the order backlog.

The vessel's capacity utilisation has been 37% so far in 2014 after operations halted at the end of March for maintenance and repairs.

Adapted from press release by Katie Woodward

Read the article online at: https://www.oilfieldtechnology.com/drilling-and-production/26062014/total_cancels_vessel_contract_with_aker_solutions_911/