Petroleum Africa
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Wednesday, July 2, 2014
Aker Solutions’ subsidiary Aker Oilfield Services was notified by Total in Angola that it was terminating its $250 million, two-year contract for the use of the Skandi Aker vessel.
Skandi Aker started operations as a well-intervention vessel for the first time in September when the contract with Total commenced. The value of the remaining contract period is about $150 million and will be removed from the order backlog.
The vessel’s capacity utilization has been 37% so far in 2014 after operations halted at the end of March for maintenance and repairs.
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