Norway’s Aker Solutions has been awarded a five-year contract by Aker BP for maintenance, modification, and operation services.
The contract covers all of Aker BP’s key assets on the Norwegian Continental Shelf, including the new Yggdrasil area.
The five-year agreement, effective from March 1, 2026, includes options for two additional four-year periods.
The alliance, covering Valhall, Fenris, Ula, EIGA (Edvard Grieg and Ivar Aasen), Skarv, Alvheim, and the Yggdrasil area, will enable Aker BP’s ambitions to advance marginal field developments and modernise existing facilities.
“This contract marks a new chapter for Aker Solutions. We are proud to serve as the MMO provider for the Yggdrasil Area, including three topsides – Hugin A, Hugin B, and Munin. It’s an area that will set a new benchmark for remote operations and low-manned and unmanned production platforms,” said Kjetel Digre, CEO of Aker Solutions.
These improvements will be driven by better organisational integration, expanded use of data-driven and AI-supported workflows, and a commercial model designed to incentivise strong performance and continuous transformation.
Engineering and project management will be carried out in Stavanger, Sandnessjøen, and Mumbai, while fabrication will take place at Aker Solutions’ yards in Egersund and Sandnessjøen.
Financial details were not precisely disclosed. However, Aker Solutions described the deal as major, placing it in the NOK 8bn to NOK 12bn ($843m to $1.26bn) range.
