Aker Solutions has been handed an extension to a maintenance and modification services contract on Equinor’s (OSLO: EQNR) Johan Sverdrup field.
It will now run until February 2026, with the offshore services group described the deal as “sizeable”, meaning it’s between £41 million and £123m.
In recent years Aker Solutions has delivered several offshore platforms for the major Norwegian field, as well as having been involved in all project development stages of Johan Sverdrup.
Since production started in 2019, the company has delivered maintenance and modifications 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.
Paal Eikeseth, executive vice president and head of Aker Solutions’ electrification, maintenance and modifications business, said: “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.”
It is expected that the Johan Sverdrup will deliver oil and gas for over 50 years.
In its first year, the field, which receives power from shore, produced oil and gas with 90% lower CO2 emissions than average global level.
At peak, it is projected that Johan Sverdrup can produce up to 30% 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.
Mr Eikeseth added: “We experience that our customer Equinor looks forward to continuing the collaboration and to secure good deliveries together with us.”