Aker Solutions awarded substantial M&M contract by ConocoPhillips
AKER SOLTNS ASA UNSP/ADR (AKRYY)
NASDAQ:AMEX Investor Relations:
akersolutions.com/investors
Company Research
Source: PR Newswire
OSLO, Norway, Nov. 28, 2025 /PRNewswire/ -- Aker Solutions has signed a six-year frame agreement with ConocoPhillips Skandinavia AS (ConocoPhillips), which includes an option to extend the contract for up to two additional three-year periods. The contract is an extension for brownfield maintenance and modification (M&M) services on the Eldfisk and Ekofisk fields offshore Norway, with the new contract period starting in January 2027. Together, the Eldfisk and Ekofisk installations represent one of the most significant maintenance and modification portfolios offshore Norway for Aker Solutions. "The global offshore industry needs standardized and efficient solutions, executed with speed and precision. Our aim is to reduce costs without compromising safety," said Paal Eikeseth, Executive Vice President and head of Aker Solutions' Life Cycle Business. The work will be managed from Aker Solutions' office in Stavanger, Norway, while fabrication will be carried out at the company's yard in Eg
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