Aker Solutions Wins Substantial Maintenance Contract Extension from ConocoPhillips
ConocoPhillips COP | 0.00 |
Aker Solutions ASA has announced the award of a substantial contract extension from ConocoPhillips for brownfield maintenance and modification (M&M) services on the Eldfisk and Ekofisk fields offshore Norway. The new contract period will begin in January 2027. The work will be managed from Aker Solutions' office in Stavanger, with fabrication at its Egersund yard, and will also provide work for offshore employees. The value of the contract will depend on the volume of work over the next six years and is classified as substantial, defined by Aker Solutions as between NOK 2.5 billion and NOK 4 billion. The contract will be booked as an order intake in the fourth quarter of 2025 in the Life Cycle segment.
