Norwegian engineering firm Aker Solutions has secured an extension of its maintenance and modification (M&M) services contract for the Johan Sverdrup oil field offshore from Norway.
The company will be responsible for securing coordination and maximising the synergies in the project’s ongoing activities.
Go deeper with GlobalData
The contract has been extended in accordance with the current frame of agreement, which is valid until February 2026.
Aker Solutions has been providing M&M services for the Equinor-operated Johan Sverdrup field since its commissioning in 2019.
The firm said the contract could be valued at between Nkr0.5bn ($48.8m) and Nkr1.5bn ($146.5m).
Aker Solutions electrification and M&M business head Paal Eikeseth 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.”
Aker Solutions plans to manage contract work from Stavanger, Norway, while the prefabrication is due to be carried out at the yard in Egersund.
In a press statement, the company said it will book an order intake in the ‘lower part of the sizeable range’ in the Electrification, Maintenance and Modifications segment.
The order intake is due to be booked in the fourth quarter of this year.
Equinor holds a 42.6% stake in the Johan Sverdrup field, with other partners including Lundin Norway (20%), Petoro (17.36%), Aker BP (11.5733%) and TotalEnergies (8.44%).
Located in the Utsira High area of the North Sea, the Johan Sverdrup field is expected to produce 2.7 billion barrels of oil equivalent.
Its operational life is anticipated to be more than 50 years.
