Aker secures contract extension for Johan Sverdrup field offshore Norway

Norway Aker solutions has secured contract extension for maintenance and modification (M&M) services for the Johan Sverdrup field, offshore Norway.

The Norwegian firm will be responsible for ensuring coordination and maximum synergy in ongoing project activities.

The contract has been extended under the current framework agreement, which runs until February 2026.

Aker Solutions provides M&M services for Equinorsince the commissioning in 2019 of the Johan Sverdrup field located in the Utsira High area of ​​the North Sea.

According to the firm, the value of the contract may be in the range of 0.5 billion to 1.5 billion nankr (48.8 million to 146.5 million dollars).

Aker Solutions Head of Electrification, Maintenance and Modification Paal Eikeset said: “We are delighted 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 actively involved in all stages, from early design to construction and project execution, as well as connection and commissioning of this giant field. “

Aker Solutions plans to manage the contract work from Stavanger, Norway, while assembly is planned to be done at the shipyard in Egersund.

In a press statement, Aker Solutions said: “Aker Solutions will book order intake at the bottom of a significant range in the fourth quarter of 2022 in the electrification, maintenance and modification segment.”

Equinor owns 42.6% of the Johan Sverdrup field. Other partners include Lundin Norway (20%), Petoro (17.36%), Aker BP (11.5733%), and TotalEnergies (8.44%).

The Johan Sverdrup field is expected to have resources of 2.7 billion barrels of oil equivalent with an expected life of more than 50 years.