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Tuesday, 14 October, 2008, 16:20 GMT | more prices >>

Aker charts $1.1bn India course



By Upstream staff 

Norwegian oilfield services group Aker Floating Production has agreed to provide a floating production unit to India's Reliance Industries for 10 years in a $1.1 billion deal.

Reliance Industries chose to exercise an option for a bare boat contract for the Aker Smart 1 floating production, storage and offloading unit, Aker Floating Production said in a statement released today.

"Over the 10-year duration of the contract this amounts to $1.1 billion of bare boat revenues," Aker Floating Production said.


Friday, 11 January, 2008, 12:33 GMT  | last updated: Friday, 11 January, 2008, 12:33 GMT

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