Aker Solutions (AKKVF.PK) announced it has entered a frame agreement with Petrobras to provide subsea equipment for the oil company's deepwater pre-salt field developments in Brazil. The contract value is approximately NOK 4.6 billion. The scope of work is for 60 well-sets with vertical subsea trees, subsea control systems, tools and spares within the 2014-2018 period.
Aker Solutions has decided to further invest and expand in Brazil due to the frame agreement with Petrobras. The company said a new subsea manufacturing facility will be established in Curitiba in the state of Parana, 800 km south of Rio de Janeiro.
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