Aker Options has secured a five-year contract from Aker BP to offer upkeep, modification and operation (MMO) companies throughout a number of belongings on the Norwegian Continental Shelf (NCS).
The precise contract worth was not specified by Aker Options however is projected to be between Nkr8bn ($841.32m) and Nkr12bn.
The framework settlement consists of choices for 2 extra four-year extensions, ranging from 1 March 2026.
The settlement encompasses the next areas: Alvheim, Edvard Grieg and Ivar Aasen (EIGA), Fenris, Skarv, Ula, Valhall and the newly developed Yggdrasil space.
It goals to boost mission execution and supply by way of the next-generation MMO alliance.
Aker Options CEO Kjetel Digre stated: “This contract marks a brand new chapter for Aker Options. We’re proud to function the MMO supplier for the Yggdrasil Space, together with three topsides, Hugin A, Hugin B and Munin.
“It’s an space that may set a brand new benchmark for distant operations and low-manned and unmanned manufacturing platforms.”
A central part of this method consists of the adoption of latest expertise and superior strategies to extend effectivity and scale back prices, whereas shortening mission timelines.
The alliance seeks to attain deeper organisational integration, utilise digital and AI-driven methodologies, and implement a industrial mannequin that incentivises efficiency enhancements.
Aker BP CEO Karl Johnny Hersvik stated: “The Norwegian Continental Shelf [NCS] wants a step change in productiveness, and this alliance delivers precisely that.
“By working in built-in groups from the beginning and rethinking how we work by way of data-driven workflows and scaling using AI, we unlock effectivity ranges that had been merely not doable earlier than.”
The mission is anticipated to ship substantial native advantages, stimulating exercise throughout the Norwegian business.
Engineering and mission administration actions are set to happen in Stavanger, Sandnessjøen and Mumbai, whereas fabrication work might be performed at Aker Options’ amenities in Egersund and Sandnessjøen.
Offshore personnel may also have work alternatives as a part of this contract.
The order might be recorded as consumption within the first quarter of 2026 below the Life Cycle phase, estimating the workload over the mounted five-year time period.
In late 2025, Aker Options signed a six-year body settlement with ConocoPhillips Skandinavia for brownfield upkeep and modification companies on the Eldfisk and Ekofisk oil and fuel fields offshore Norway.
“Aker Options wins five-year MMO contract from Aker BP ” was initially created and revealed by Offshore Know-how, a GlobalData owned model.
