PTAS Aker Solutions Secures Brownfield Services Contract Offshore China
PTAS Aker Solutions, a (JV) between Aker Solutions and PTAS Sdn Bhd, signed a 5-year agreement to provide offshore maintenance and modification services to Brunei Shell Petroleum (BSP).
The scope of the work under the contract award, first announced in January, covers more than 200 offshore assets in the South China Sea.
The JV will also ensure continuity of delivery to BSP with work managed from PTAS Aker Solutions’ office in Kuala Belait, Brunei Darussalam.
As a result of the contract, Aker Solutions will book order intake of about NOK 4 billion ($400 million) in the first quarter.
Decommissioning Work To See Increased Spending; North Sea Region To Lead the Way
Even before the global pandemic impacted markets, decommissioning work in the North Sea region was expected to increase. One research group estimates global decommissioning projects could reach $24 million by 2024.
UPDATE: Total Faces $12 Billion Shortfall as it Continues $20 Billion Mozambique LNG Project
Construction on Mozambique LNG stopped in April due to COVID-19, but Total continues work on the project even amid a $12 Billion shortfall. Financing for the Mozambique LNG project follows engineering contracts awarded by Total in the past few months.
Mammoet Awarded Unloading, Transport, Installation Contract for Arctic LNG 2
The contract is Mammoet’s biggest in terms of aggregate tonnage. The Arctic LNG 2 project reached FID in September 2019.
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20 May 2020
20 May 2020