Aker Solutions has won a NOK1billion deal with Petrobras for work in Brazil.
The company said the deal is a three-year fixed term contract with the option for a further three year extension afterwards.
It covers maintenance, storage, supply of parts and technical assistance for all subsea equipment delivered by Aker Solutions to the company in the region.
Luis Araujo, chief executive of Aker Solutions, said: “Brazil is a key global offshore market.
“We have a nearly four-decade presence in the country and are committed to finding solutions to help Petrobras develop its petroleum resources in the most efficient and sustainable manner possible.”
It comes as Aker opens a new subsea manufacturing centre in Curitiba, doubling its local production capacity.
The company is also upgrading its subsea services unit in Rio das Ostras to better meet customer demand.
The contract will be managed at the base in Rio das Ostras in Rio de Janeiro, at a local content rate of 87%.
This builds on a commitment to develop partnerships with national suppliers.
The agreement is similar to one signed in 2011 for maintenance of equipment and other offshore services. Currently, Aker Solutions’ subsea lifecycle services unit has about 360 employees in Brazil, of which 150 are part of the technical team working offshore. The company has about 1,300 employees in the country.
The contract is booked as part of Aker Solutions’ first-quarter order intake.