NEWS

Akastor completes sale of 50% of AKOFS Offshore to form Joint Venture with Mitsui and MOL

Reference is made to the stock exchange release dated 19 June 2018 regarding Akastor's agreement to transfer 50% of its shares in AKOFS Offshore to MITSUI & CO., LTD, and Mitsui O.S.K. Lines, Ltd., who each will own 25% of the shares. All closing conditions have been fulfilled. The closing of the transaction took place on 26 September 2018 according to the terms and conditions described in the release. As previously announced the price for the 50% shareholding is USD 142.5 million, plus interest from locked box date.  

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AKOFS Offshore signs contract with Equinor

19 June 2018 - Reference is made to the announcement on 16 May 2018 regarding a Letter of Intent with Equinor.

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Akastor signs agreements to form joint venture for the AKOFS Offshore busines

Akastor ASA (OSE: AKA) has today entered into a Share Purchase Agreement with MITSUI & CO., LTD, ("Mitsui") and Mitsui O.S.K. Lines, Ltd. ("MOL") for transfer of 50% of its shares in AKOFS Offshore in order to form a joint venture ownership.

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Equinor awards AKOFS Offshore Letter of Intent

16 May 2018 - AKOFS Offshore, a company owned by Akastor ASA, has entered into a Letter of Intent with Equinor for provision of year round light well intervention services (LWI) on the Norwegian continental shelf. Pursuant to the Letter of Intent, the contract period is for five years, with an option period of three years. Contract award is subject to partner approval and final agreement on terms and conditions.  

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Akastor, Mitsui and MOL announces closing of joint venture transaction

November 24, 2016: Akastor ASA (OSE: AKA), an oil service investment company, announced today that the Agreement with MITSUI & CO., LTD ("Mitsui"), and Mitsui O.S.K. Lines, Ltd. ("MOL"), to create a joint venture with 50/50 ownership between AKOFS Offshore AS ("AKOFS") and Mitsui/MOL has now been approved and concluded according to the terms and conditions described in the press release of September 20, 2016.

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Akastor and Mitsui create joint venture

September 20, 2016: Akastor ASA (OSE: AKA), an oil service investment company, announced today that it has signed a Heads of Agreement with MITSUI & CO., LTD, a leading Japanese trading and investment company, and its Japanese partner ("Mitsui"), to create a joint venture with 50/50 ownership between AKOFS Offshore AS ("AKOFS") and Mitsui.

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Aker Wayfarer charter extension

AREVA Wind (Adwen) in Germany has on June 1st declared an option to extend the charter of the multi-purpose vessel AKER WAYFARER.

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"Skandi Santos" awarded five-year contract extension from Petrobras

Image September 29, 2014 - AKOFS Offshore, a part of Akastor ASA, has been notified of a five-year contract extension from Petrobras to use the Skandi Santos, a Subsea Equipment Support Vessel in Brazil.

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Aker Wayfarer Wins Five-Year Contract from Petrobras

Image September 15, 2014 - Aker Solutions' subsidiary Aker Oilfield Services (AKOFS) has won a contract worth USD 465 million over five years from Petrobras to provide subsea intervention services offshore Brazil from the Aker Wayfarer vessel.

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Skandi Aker Vessel Contract is Canceled by Total

June 25, 2014 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.

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