Aker Solutions has secured a sizeable long term frame agreement with Azule Energy to provide engineering, procurement, and construction services (EPC) for brownfield projects and modifications for two FPSOs in Angola. This is a continuation of the current frame agreement Aker Solutions has with the operator Azule Energy. The operator is Angola's largest independent equity producer of oil and gas and is an incorporated joint venture owned by Eni and bp.

The scope of work is focused on two FPSO (floating production, storage, and offloading) units, namely Greater Plutonio and PSVM. The work comprises engineering, procurement, and construction Services (EPC) of the brownfield maintenance and modifications scopes. The contract is a frame agreement covering maintenance and modifications activities with a duration of three years plus two one-year options.

The contract will be executed and delivered by the Aker Solutions' team based in Luanda, Angola, and Aberdeen, UK. The project management will be based in Angola to be close to the operation and continue to develop locally. Throughout the current contract period, there has been substantial growth in terms of in-country execution and the development of Aker Solutions' local workforce.

Currently, over 40% of the total scope volume is being executed in Angola, and a significantly increased target has been set for the new contract period. The Azule Energy-contract will be booked as part of Aker Solutions' second quarter order intake in the Life Cycle segment.