The agreement, which may be extended up to three years, is for maintenance, modifications and operations (MMO) work but the actual value depends on how much work is undertaken.
Aker estimates a value of between NOK 1bn and NOK 3bn, although it says that range is neither “a minimum nor a maximum” while being “realistic yet uncertain”.
Analysts say the middle of Aker’s estimate range would imply a yearly value of around NOK 400m, while recent MMO contract with Statoil were in the range of about NOK 1bn.
The
