August 02, 2014 3:41 AM ET

Energy Equipment and Services

Company Overview of Aker Oilfield Services AS

Company Overview

Aker Oilfield Services AS provides subsea well intervention operations related services worldwide. It offers subsea installation, riser less well intervention, riser well intervention, light drilling, and hardware and software services. The company was founded in 2006 and is based in Oslo, Norway. As of April 1, 2009, Aker Oilfield Services AS operates as a subsidiary of Aker Solutions ASA.

Karenslyst Allé 57

Oslo,  0277

Norway

Founded in 2006

Key Executives for Aker Oilfield Services AS

Chairman of the Board and President
Age: 48
Chief Financial Officer
Age: 45
Regional President of Norway
Age: 55
Regional President of Brazil
Age: 55
Regional President of North America
Compensation as of Fiscal Year 2014.

Aker Oilfield Services AS Key Developments

Total Cancels Skandi Aker Vessel Contract from Aker Oilfield Services

Aker Solutions subsidiary Aker Oilfield Services was notified by Total in Angola of the termination of a USD 250 million, two-year contract for the Skandi Aker vessel. Skandi Aker started operations as a well-intervention vessel for the first time in September last year when the contract with Total commenced. The value of the remaining contract period is about USD 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.

Aker Oilfield Services AS Signs a Contract to Provide Subsea Construction Services Offshore Brazil

Aker Oilfield Services AS has signed a contract to provide subsea construction services offshore Brazil. Contract value is undisclosed. An undisclosed customer will utilise Aker Oilfield Services' subsea construction vessel Aker Wayfarer for a period of 230 days. Start-up of operations is likely to be in May/June 2013, with mobilisation and de-mobilisation taking place in north-east UK.

Similar Private Companies By Industry

Company Name Region
Weatherford Rig Systems AS Europe
DWC AS Europe
AGR Well Services AS Europe
Odfjell Drilling AS Europe
Bandak Risør AS Europe

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Bertelsmann AG Europe
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Rush University United States
Citizens Budget Commission United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact Aker Oilfield Services AS, please visit www.akersolutions.com/en/Utility-menu/About-us/Corporate-structure/Oilfield-Services--Marine-Assets/. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.