KEYFACT Energy
AKOFS Offshore, a company owned by Akastor ASA, has signed a contract with Equinor for provision of year round light well intervention services (LWI) on the Norwegian continental shelf for a period of five years, with an option period of three years. The terms are in line with the previous announcement; the contract value for the initial five-year period is approximately USD 370 million and the work will be performed from the AKOFS Seafarer well intervention vessel with a scheduled commencement first half of 2020.
KeyFacts Energy Industry Directory: AKOFS Offshore