#Norway #Oslo #Aker BP #Aker Solutions #Yggdrasil

Aker Solutions Secures Major Five-Year MMO Contract with Aker BP

Aker Solutions recently announced the award of a substantial five-year contract with Aker BP, focusing on Maintenance, Modification, and Operation (MMO) services. This agreement will encompass all vital assets of Aker BP located on the Norwegian Continental Shelf, including the newly developed Yggdrasil area. The contract signifies a crucial step in transforming the approach toward offshore operations by integrating advanced technology and innovative practices.

The agreement not only solidifies Aker Solutions' presence in the Norwegian energy market but also offers the possibility of two additional four-year extensions starting from March 1, 2026. This potential extension underlines the long-term commitment both companies share towards enhancing operational efficiency and productivity in the region.

The extensive scope of work will be executed in line with the next-generation MMO alliance, focused on key areas like Valhall, Fenris, Ula, EIGA, Skarv, and Alvheim, in addition to the Yggdrasil area. The alliance is designed to elevate standards of project execution and delivery through the integration of new digital solutions and AI-driven methodologies. This ambitious framework aims to fundamentally revolutionize work practices, ultimately leading to reduced costs and project lead times.

According to Kjetel Digre, CEO of Aker Solutions, this contract marks a transformative phase for the company.

“We are proud to serve as the MMO provider for the Yggdrasil Area, which includes three topsides—Hugin A, Hugin B, and Munin. This project sets a new benchmark for remote operations and low-manned or unmanned production platforms.”

The contract promises to deliver a significant economic boost, facilitating local employment and production activities across various sectors within Norway. Engineering and project management duties are to be handled from Stavanger, Sandnessjøen, and Mumbai, while fabrication will take place at Aker Solutions' facilities in Egersund and Sandnessjøen. This diversified operational strategy is poised to generate considerable opportunities for offshore professionals in the industry.

Digre emphasized the strong foundation on which the alliance is built, focusing on trust and a long-term vision.

“Together, we are at a pivotal moment of transformation, embracing innovations that will refine our productivity levels and shorten the duration required for project completion.”

This noteworthy contract will be reflected as order intake in the first quarter of 2026 and is estimated to encompass a share of work designated for the initial five-year period. It is categorized as a major contract for Aker Solutions, defined as those in the range of NOK 8.0 billion to NOK 12.0 billion.

This strategic partnership not only highlights Aker Solutions’ commitment to operational excellence but also positions Aker BP as a forward-thinking leader in the offshore energy sector. The mutual dedication towards exploiting innovative execution methodologies signifies an exciting future for both organizations as they steer towards advanced operational landscapes.

As the energy landscape evolves, both Aker Solutions and Aker BP are set to redefine industry standards and practices, aligning with modern technological advancements and sustainable operational strategies.

This partnership becomes a beacon of progress within the Norwegian energy market, paving the way for future collaborative efforts aimed at enhancing offshore productivity and driving long-term industry transformation.