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COP ConocoPhillips

125.61
-4.61 (-3.54%)
01 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
ConocoPhillips NYSE:COP NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  -4.61 -3.54% 125.61 130.12 125.43 129.81 6,296,792 00:33:14

Aker Solutions Gets 3-Year Contract Extension from ConocoPhillips

11/09/2020 8:35am

Dow Jones News


ConocoPhillips (NYSE:COP)
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From May 2019 to May 2024

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   By Dominic Chopping 
 

Norwegian oil-and-gas industry service providers Aker Solutions ASA said Friday it has secured a three-year contract extension to an existing framework agreement for work at North Sea fields operated by ConocoPhillips.

The company said it will continue as ConocoPhillips's main supplier of maintenance and modifications work offshore Norway, with the agreement running from January 2021 until the end of 2023.

The contract value will be determined by future call-offs for maintenance and modifications work and could range between 300 million Norwegian kroner and 700 million Norwegian kroner ($33.2 million-$77.5 million) a year, Aker said.

The contract will be booked as order intake in the third quarter of 2020.

 

Write to Dominic Chopping at dominic.chopping@wsj.com

 

(END) Dow Jones Newswires

September 11, 2020 03:20 ET (07:20 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

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