Aker Solutions has been awarded multiple five-year frame agreements with Equinor. Under the agreements, Aker Solutions will provide maintenance and modifications services for a range of assets on the Norwegian Continental Shelf (NCS) and onshore Norway.
Reference is made to the stock exchange release published on January 7, 2026
The agreements represent a likely major[1] order intake for Aker Solutions. The five-year agreement provides Equinor with the flexibility to extend the contract for two further periods of three and two years.
Installations will be formally assigned after signing of the contracts, planned in week 4. The intended scope involves maintenance and modification services for the following offshore assets:
- Johan Sverdrup
- Troll
- Kristin
- Åsgard
- Heidrun
- Njord
- Grane
- Kvitebjørn
- Valemon
In addition, Aker Solutions is intended to provide maintenance and modification services for the Øygarden onshore plants, which include Kollsnes and Sture, as well as maintenance on Northern Lights.
'We are grateful for this renewed trust, which we view as a strong endorsement of the quality of service we’ve provided to Equinor for decades. Our commitment to supporting safe and efficient operations, along with our proven ability to adapt to changing conditions on the Norwegian Continental Shelf, have been clearly recognized,' said Kjetel Digre, Chief Executive Officer at Aker Solutions.
The energy industry is poised for transformation, and Aker Solutions will actively contribute by implementing new ways of working and strengthening collaboration to tackle the challenges faced by the industry.
'Under the current frame agreement, we are boosting productivity, cutting costs, and shortening project lead times by fundamentally changing how we work. This is the start of a larger transformation, as Aker Solutions intends to build on this progress and aims to take our collaboration with Equinor to the next level,' said Digre.
The new frame agreements will involve Aker Solutions' locations in Trondheim, Bergen and Stavanger, while fabrication will be carried out at the company's yard in Egersund. The agreement will also provide work for offshore employees.
'We have set ambitious goals and are proud to offer the capabilities of a highly competent and experienced workforce with an adaptive mindset. This contract award is a strong testament to the quality and consistency of the services that our teams have delivered over many years,' said Kjetel Digre.
The contracts will be booked as order intake in the first quarter of 2026 in the Life Cycle segment, representing an estimate for the work to be called off during the five-year fixed period.
[1] Aker Solutions defines a major contract as being between NOK 8 billion and NOK 12 billion
Source: Aker Solutions
