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Aker Solutions has secured a major multimillion-dollar contract to deliver critical brownfield maintenance and modification services for two cornerstone North Sea oil and gas fields. This landmark deal signals a robust commitment from the industry to sustain mature asset operations amid a complex energy landscape.
What Happened
Aker Solutions signed a six-year frame agreement to continue supporting ConocoPhillips with maintenance and modification (M&M) activities on the Eldfisk and Ekofisk fields offshore Norway.
The contract, starting January 2027, carries an estimated value between NOK 2.5 billion and NOK 4 billion (roughly $250 to $400 million) and includes options to extend for up to two additional three-year periods.
This award extends a longstanding partnership and represents one of Aker Solutions’ largest brownfield portfolios in the region, managed from its Stavanger office with fabrication at the Egersund yard.
Why It Matters
Ensuring Longevity of Mature Fields
The Eldfisk and Ekofisk fields are pivotal assets in the North Sea, contributing significantly to Norway’s oil and gas production.
Maintaining optimal operational performance and reliability in such mature fields is essential to meet ongoing supply demands and economic objectives.
This contract highlights industry confidence in Aker Solutions’ expertise to deliver safe, cost-efficient adaptations and upgrades that extend asset life and maximize recovery.
Strategic Industry Positioning
The deal strengthens Aker Solutions’ leadership in brownfield lifecycle services, reinforcing its role as a vital partner for major operators in sustaining North Sea production.
It comes on the heels of other significant wins including a multi-year brownfield services extension with ExxonMobil in Canada, showcasing Aker’s expanding global footprint in lifecycle management.
Key Details
- Contract duration: six years starting January 2027, with possible extensions up to twelve more years.
- Geographical focus: Eldfisk and Ekofisk fields, Norway’s prolific oil and gas zones.
- Contract value: NOK 2.5 to 4 billion (approximately $250-400 million).
- Services include maintenance, modifications, and fabrications supporting continual field operations.
- Execution hubs: Stavanger office (project management) and Egersund yard (fabrication).
Aker Solutions will rely on its multi-disciplinary project execution model to deliver fit-for-purpose solutions with speed and precision, aiming to reduce costs and ensure safety standards remain high.
What Comes Next
Work will commence with detailed planning and mobilization toward the 2027 start date.
As these maintenance and modification activities ramp up, they will sustain key assets critical to Norway’s oil and gas output, securing jobs and reinforcing industry stability in the North Sea basin.
The contract positions Aker Solutions to deepen its technical collaboration with ConocoPhillips and ensure the longevity of vital oil and gas infrastructure amid evolving energy demands.
Looking ahead, successful delivery on this project could pave the way for further brownfield service growth as operators prioritize the optimization of existing fields worldwide.
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