Oil services company Aker Solutions has been awarded several five-year framework agreements for maintenance and modification services with Equinor in Norway, according to a press release.
Aker Solutions states that it will record the contracts as a major order intake in the Life Cycle segment during the first quarter of 2026. The company's definition of a major contract falls within the range of 8-12 billion Norwegian kroner.
The contracts also include options for extension with two additional periods of three and two years, respectively. Their value will depend on the scope of maintenance and modification work carried out during the fixed contract period.
Aker Solutions ASA is a Norway-based provider of integrated solutions, products and services to the global energy industry. The Company owns and manages the group’s subsidiaries. Aker Solutions’ activities are divided into three reporting segments: The Renewables and Field Development segment, that designs and delivers renewable energy solutions for offshore wind, hydrogen and Carbon Capture, Utilization and Storage (CCUS); the Electrification, Maintenance and Modifications (EMM) segment optimizes field life solutions and provides a range of maintenance and modifications services for offshore infrastructure, and offers decarbonization and environmentally sound offerings including electrification solutions, while the Subsea segment supplies a spectrum of intelligent subsea products, systems and solutions globally, as well as subsea lifecycle services. The Company has a subsidiary, Aker Solutions Holding AS.
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