Aker Solutions (OSLO: AKSO) has formally signed a “sizeable” contract for decommissioning work with Heerema Marine Contractors.
The work, valued between £17m and £60m, is for reception, dismantling and recycling of the Equinor Heimdal and Veslefrikk fields off Norway.
Aker Solutions has now signed for the decommissioning work, which was first announced in March of this year.
The award will be booked into the firm’s fourth quarter order intake for 2021.
The aim is to recycle 98% of the steel and materials.
Heimdal is a gas and condensate field in the Norwegian North Sea, which has been in operation since 1985, while Veslefrikk has been in operation since 1989.
The Heimdal and Veslefrikk platforms will be recycled at Aker Solutions’ decommissioning facilities at Eldøyane in Stord, Norway. Early-phase engineering will begin in 2022 and the structures are currently anticipated to arrive at Stord between 2024 and 2026, with project completion in 2027.
At peak, the project is expected to involve around 100 employees in Aker Solutions.