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/
You might also like
ADNOC announces first production from Belbazem offshore block
ADNOC has announced the start of crude oil production from its Belbazem offshore block, underscoring the company’s commitment to responsibly meet the world’s growing demand for energy.