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, consists of choices for 2 further 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 likely be led from Aker Options’ Stavanger workplace, with fabrication to be carried out on the firm’s Egersund yard. Offshore personnel can even help the work.
“The worldwide offshore business wants standardized and environment friendly options, executed with velocity and precision. Our intention is to cut back prices with out compromising security,” mentioned Paal Eikeseth, government 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, that means it’s valued between NOK 2.5 billion and NOK 4 billion ($230 million–$365 million). The award will likely be booked within the firm’s fourth-quarter 2025 order consumption.
