Aker Solutions signs global frame agreement with Shell

Oil services provider Aker Solutions has signed a frame agreement with Shell for the delivery of subsea umbilicals and cables globally.

The size of the enterprise framework agreement (EFA) is dependent on call-offs and the number of projects that Shell decides to execute. However, Aker Solutions estimates that the frame agreement could generate revenues between $200m (£125m) and $400m. Order intake will be booked whenever the specific contracts are signed.

The EFA with Shell has been signed for the duration of five years, with an option for an additional five years.

Aker Solutions will deliver dynamic and static steel tube umbilicals for both shallow and deepwater applications.