By Dominic Chopping

Norway's Aker Solutions ASA (AKSO.OS) said Friday it has been awarded a 435 million Brazilian Real ($125.3 million) contract to provide maintenance and other services for subsea facilities at Petrobras-operated oil and gas fields offshore Brazil.

The contract is for a fixed term of three years and may be extended by another three years. It covers maintenance, storage, supply of parts and technical assistance for all subsea equipment delivered by Aker Solutions to Petrobras in Brazil.

Aker Solutions is in April opening a new subsea manufacturing center in Curitiba, doubling its local production capacity. The company is also upgrading its subsea services unit in Rio das Ostras to better meet customer demand.

It said the contract is booked as part of Aker Solutions' first-quarter order intake.

-Write to Dominic Chopping at dominic.chopping@wsj.com; Twitter: @domchopping @WSJNordics

(END) Dow Jones Newswires

April 15, 2016 03:39 ET (07:39 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.
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