Aker Solutions Secures Continuity as Maintenance and Modifications Contractor on Johan Sverdrup

Aker Solutions has been a significant contractor on the Johan Sverdrup field and delivered several offshore platforms and has been involved in all project development stages of Johan Sverdrup. Since the oil- and gas production started in 2019 the company had delivered M&M-services under an existing agreement. The extension is given to secure coordination and exploit the synergies in ongoing project activities. The contract will be managed from Stavanger and prefabrication will be done at the yard in Egersund. 

"We are happy to continue our long-term cooperation with Equinor on the Johan Sverdrup field, the third largest on the Norwegian continental shelf. Aker Solution has already been deeply involved through all phases from early engineering through construction and project execution and hook-up and commissioning of this giant field. Continuity of personnel and systematic knowledge is essential to deliver the best and safest maintenance and modification services moving forward,” said Paal Eikeseth, executive vice president and head of Aker Solutions' electrification, maintenance and modifications business.

It is expected that the Johan Sverdrup field will deliver oil and gas for over 50 years. In the first production year the field produced oil and gas with 90 percent lower CO2 emissions than average global level, (measured in kg CO2 per barrel produced). At peak, it is projected that Johan Sverdrup can produce up to 30 percent of the total oil and gas production on the Norwegian continental shelf, and is expected to deliver resources of 2.7 billion barrels of oil equivalents.

“We experience that our customer Equinor looks forward to continuing the collaboration and to secure good deliveries together with us”, said Eikeseth.

Aker Solutions will book an order intake in the lower part of the sizeable1 range in the fourth quarter of 2022 in the Electrification, Maintenance and Modifications segment.

1Aker Solutions defines a sizable contract as between NOK 0.5 billion and NOK 1.5 billion.

ENDS

Aker Solutions delivers integrated solutions, products and services to the global energy industry. We enable low-carbon oil and gas production and develop renewable solutions to meet future energy needs. By combining innovative digital solutions and predictable project execution we accelerate the transition to sustainable energy production. Aker Solutions employs approximately 15,000 people in more than 20 countries.

Visit akersolutions.com and connect with us on Facebook, Instagram, LinkedIn, Twitter and YouTube.

This press release may include forward-looking information or statements and is subject to our disclaimer, see https://akersolutions.com

Ruth Lycke

Ruth Lycke

Media contact, Electrification, Maintenance and Modifications

T
+47 906 65 931
E
Send message

Based in Stavanger, Norway

Local time: 03:22 CET

Fredrik Berge

Fredrik Berge

Head of Investor Relations

T
+47 45 03 20 90
E
Send message

Based in Fornebu, Norway

Local time: 03:22 CET

Subscribe to News

Get the latest news, press releases and stock exchange notifications from Aker Solutions.

You can change your mind at any time by clicking the unsubscribe link in the footer of any e-mail you receive from us. We will then delete your e-mail address from our register.