Company Disclosures

Odfjell Technology awarded Frame Agreement by Aker BP for HVAC+R Services

Published 19.10.2023

Odfjell Technology is thrilled to announce the signing of a strategically
important Frame Agreement with Aker BP, solidifying a robust partnership for the
provision of Heating, Ventilation, Air Conditioning, and Refrigeration (HVAC+R)
engineering and maintenance services. This agreement encompasses all Aker BP’s
existing assets, including Ula, Valhall, Ivar Aasen, Edvard Grieg, Skarv, and
Alvheim FPSO, with the potential to extend to new assets.

Firm contract period is 5 years, with two options of 3-year extensions. During
the initial 5-year period, the contract has an estimated value of 100 million

Anne Siri Sævareid, EVP of Projects & Engineering says: “This agreement is a
testament to both companies’ shared dedication towards operational excellence.
We are honoured to continue this relationship as a long-term partner for Aker

For further queries, please contact:
Gillian Basson, Corporate Secretary
+44 (0) 7796 547 889

Aberdeen, United Kingdom
19 October 2023
Odfjell Technology Ltd

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