Aker Solutions' subsidiary, Aker Oilfield Services, was notified by Total in Angola of the termination of a US$ 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 approximately US$ 150 million and will be removed from the order backlog.
The vessel's capacity utilisation has been 37% so far in 2014 after operations halted at the end of March for maintenance and repairs.
Adapted from press release by Katie Woodward
