Aker Solutions has secured a long-term frame agreement with Azule Energy to provide engineering, procurement, and construction (EPC) services for brownfield projects and modifications on two floating production, storage, and offloading (FPSO) units in Angola, namely Greater Plutonio and PSVM.
This agreement, valued between $46.65 million and $140 million, extends the current collaboration between the two companies and spans three years, with the option to extend for an additional two years.
The project will be managed by teams based in Luanda, Angola, and Aberdeen, UK, with a strong emphasis on local execution. Over 40% of the project work is currently handled in Angola, with plans to increase this percentage. Aker Solutions aims to enhance local workforce capabilities and strengthen relationships with local subcontractors through active recruitment and training efforts.
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Boost in economy
Paal Eikeseth, Aker Solutions Executive Vice President and Head of Life Cycle, emphasized the company’s long-standing presence in Angola and its commitment to international growth. This contract is expected to bolster Aker Solutions’ global life cycle operations and support their local business development initiatives.
Azule Energy, a joint venture between Eni and BP, is Angola’s largest independent oil and gas producer, with significant exploration and production activities, as well as an expanding focus on natural gas and renewable energy projects.
In a related development, Aker Solutions also secured an EPCIC contract from Equinor ASA to upgrade the wastewater treatment plant at the Mongstad refinery in Norway, aiming to reduce carbon dioxide emissions and transform the site into a low-carbon industry cluster. This project reflects Aker Solutions’ broader strategy to deliver sustainable energy solutions and support low-carbon oil and gas production.
