Aker Solutions estimates the contract value to be approximately GBP 60 million ($90.4 million approx.).

Nexen Petroleum UK Limited is extending the engineering and construction contract with Aker Solutions, releasing an extended option on the existing agreement. The original E&C contract with Nexen was signed in April 2005. Aker Solutions scope of work for Nexen involves engineering, procurement and construction services for Nexen’s UK North Sea assets.

Work under the extended contract is underway and is expected to last until April 2013.

The contract parties are Nexen Petroleum UK Limited and Aker Solutions’ subsidiary Aker Offshore Partner Ltd.