Aker Options has secured a considerable long-term upkeep and modifications (M&M) contract from ConocoPhillips for work on the Eldfisk and Ekofisk fields offshore Norway, extending one of many firm’s largest brownfield portfolios on the Norwegian Continental Shelf.
The six-year body settlement, which begins in January 2027, contains choices for 2 extra three-year extensions. Work covers ongoing brownfield upkeep and modification providers for the Eldfisk and Ekofisk installations—main hubs in Norway’s mature offshore infrastructure.
Venture administration will probably be led from Aker Options’ Stavanger workplace, with fabrication to be carried out on the firm’s Egersund yard. Offshore personnel may also help the work.
“The worldwide offshore business wants standardized and environment friendly options, executed with pace and precision. Our intention is to cut back prices with out compromising security,” stated Paal Eikeseth, govt vp and head of Aker Options’ Life Cycle Enterprise.
Eikeseth added that the award reinforces a long-standing collaboration between the businesses and displays constant efficiency throughout earlier M&M campaigns.
Aker Options classifies the contract as substantial, which means it’s valued between NOK 2.5 billion and NOK 4 billion ($230 million–$365 million). The award will probably be booked within the firm’s fourth-quarter 2025 order consumption.
