Decommissioning specialist AF Offshore Decom has been awarded a contract by Ithaca Energy for the engineering, receipt, cleaning, dismantling, and recycling of an unnamed FSU from the UK sector of the North Sea.
The vessel weighs approximately 24,000 tonnes and will be delivered to AF Environmental Base Vats (AFEBV) during 2026.
According to the company, the contract value is in the range of NOK 350-400m ($36.9m-$42.1m), excluding VAT.
This is a second contract awarded to AF Offshore Decom by Ithaca Energy in the past few months. In December 2025, Ithaca Energy awarded the decommissioning deal for the FPF-1 asset.
As a result of the awards, the company will receive close to 50,000 tons of floating production and storage facilities from Ithaca Energy in 2026.
“The two units will, after initial preparations, be loaded onto our yard in a combined float-over and load-in operation, consistent with earlier similar projects at AFEBV. The units will be cleaned and dismantled, and the steel will be repurposed, upcycled, and recycled, creating several circular material solutions for the agriculture, construction, and civil engineering industries in the Nordic region,” said Lars Myhre Hjelmeset, EVP of offshore at AF Gruppen.
