Aker Solutions has secured a major deal with ConocoPhillips, a significant milestone in the offshore industry. This six-year agreement, with the potential to extend further, is a testament to Aker Solutions' expertise and reliability.
The contract focuses on maintenance and modification services for the Eldfisk and Ekofisk fields, located offshore Norway. These installations are key assets for Aker Solutions, and the company aims to ensure efficient and safe operations.
"The offshore industry demands innovative solutions, and we strive to deliver them swiftly and precisely. Our goal is to reduce costs while maintaining the highest safety standards," says Paal Eikeseth, Executive Vice President of Aker Solutions' Life Cycle Business.
The work will be coordinated from Aker Solutions' Stavanger office, with fabrication taking place at their Egersund yard. This agreement not only benefits the company but also provides employment opportunities for offshore workers.
Eikeseth adds, "We are thrilled to continue our partnership with ConocoPhillips. This contract award is a recognition of our teams' dedication and consistent performance. Together, we will uphold the maintenance and modification standards at Eldfisk and Ekofisk."
The value of the contract is dependent on the volume of work over the next six years, and Aker Solutions classifies it as substantial, falling within the range of NOK 2.5 billion to NOK 4 billion.
This contract will be recorded as an order intake in the Life Cycle segment during the fourth quarter of 2025.
Aker Solutions, a global energy solutions provider, is committed to enabling low-carbon oil and gas production and developing renewable energy solutions. With a workforce of approximately 12,000 across 15 countries, the company is at the forefront of sustainable energy production.
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This press release contains forward-looking statements and is subject to Aker Solutions' disclaimer. For more information, please visit their website.
This information is disclosed in accordance with the Norwegian Securities Trading Act, section 5-12.
