Aker Solutions Secures Major Engineering Deal with Cenovus Energy for White Rose Field
In a significant move for the oil and gas sector, Aker Solutions has announced a substantial five-year agreement with Cenovus Energy, covering engineering and maintenance services at the White Rose field. This landmark deal is set to enhance operational capabilities and bolster safety measures across this key asset, located approximately 350 kilometers east of St. John's, Newfoundland and Labrador, within the Jeanne d'Arc Basin.
Under the terms of this agreement, Aker Solutions will provide a range of engineering and maintenance support services alongside operational backing for both the new West White Rose platform and the SeaRose Floating Production Storage and Offloading (FPSO) vessel. This initiative highlights Aker's commitment to delivering comprehensive solutions in the energy industry, utilizing their Project Execution Model to ensure safe, predictable, and cost-efficient operations.
Paal Eikeseth, Executive Vice President and head of Aker's Life Cycle business, expressed optimism about the agreement, stating, 'We will apply our multidiscipline Project Execution Model to deliver safe, predictable, and cost-efficient operations for our customers.' This multi-faceted approach, which has been an integral part of Aker Solutions’ operation since 2005, encompasses offshore engineering services that include the tow-out and installation of Concrete Gravity Structures (CGS), as well as the commissioning of both onshore and offshore facilities linked to the West White Rose platform.
The West White Rose project, expected to commence production in 2026, draws on Aker’s extensive expertise in engineering services, having provided support to the White Rose field for nearly two decades. In addition, Aker Solutions has been delivering Engineering, Procurement, and Construction Management (EPCM) services for the SeaRose FPSO since its inception in 2005. This long-term relationship includes recent preparations related to the FPSO's Life Extension Drydock campaign in 2024.
With around 120 employees deployed for both onshore and offshore work, the operations will primarily be managed from Aker’s office in St. John's, underscoring the company's sustained presence in the region. Eikeseth noted, 'Aker Solutions has delivered multi-disciplinary services in the East Coast region for more than 30 years. We value our long-standing collaboration with Cenovus Energy and are proud to continue supporting the White Rose development as Canada remains a key market for us.'
This contract is expected to be recorded in the order intake for the second quarter of 2026 within Aker Solutions' Life Cycle segment. Notably, Aker Solutions categorizes sizeable contracts as those valued between NOK 0.5 billion and NOK 1.5 billion, indicating the scale and importance of this latest agreement. As they embark on this new venture, both Aker Solutions and Cenovus Energy are poised to further strengthen their stakes within the competitive landscape of Canada's energy sector, while also enhancing the operational safety and efficiency of the crucial White Rose field. This collaboration not only signifies a shared vision for excellence and sustainability but also reflects the increasing demand for reliable energy sourcing in North America.
Under the terms of this agreement, Aker Solutions will provide a range of engineering and maintenance support services alongside operational backing for both the new West White Rose platform and the SeaRose Floating Production Storage and Offloading (FPSO) vessel. This initiative highlights Aker's commitment to delivering comprehensive solutions in the energy industry, utilizing their Project Execution Model to ensure safe, predictable, and cost-efficient operations.
Paal Eikeseth, Executive Vice President and head of Aker's Life Cycle business, expressed optimism about the agreement, stating, 'We will apply our multidiscipline Project Execution Model to deliver safe, predictable, and cost-efficient operations for our customers.' This multi-faceted approach, which has been an integral part of Aker Solutions’ operation since 2005, encompasses offshore engineering services that include the tow-out and installation of Concrete Gravity Structures (CGS), as well as the commissioning of both onshore and offshore facilities linked to the West White Rose platform.
The West White Rose project, expected to commence production in 2026, draws on Aker’s extensive expertise in engineering services, having provided support to the White Rose field for nearly two decades. In addition, Aker Solutions has been delivering Engineering, Procurement, and Construction Management (EPCM) services for the SeaRose FPSO since its inception in 2005. This long-term relationship includes recent preparations related to the FPSO's Life Extension Drydock campaign in 2024.
With around 120 employees deployed for both onshore and offshore work, the operations will primarily be managed from Aker’s office in St. John's, underscoring the company's sustained presence in the region. Eikeseth noted, 'Aker Solutions has delivered multi-disciplinary services in the East Coast region for more than 30 years. We value our long-standing collaboration with Cenovus Energy and are proud to continue supporting the White Rose development as Canada remains a key market for us.'
This contract is expected to be recorded in the order intake for the second quarter of 2026 within Aker Solutions' Life Cycle segment. Notably, Aker Solutions categorizes sizeable contracts as those valued between NOK 0.5 billion and NOK 1.5 billion, indicating the scale and importance of this latest agreement. As they embark on this new venture, both Aker Solutions and Cenovus Energy are poised to further strengthen their stakes within the competitive landscape of Canada's energy sector, while also enhancing the operational safety and efficiency of the crucial White Rose field. This collaboration not only signifies a shared vision for excellence and sustainability but also reflects the increasing demand for reliable energy sourcing in North America.
Topics Energy）
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