Up to $1.2 billion in Aker Solutions’ bag as new deals with Equinor come in

January 8, 2026, by Melisa Cavcic

Aker Solutions, a Norway-based energy services provider, has sealed multiple long-term assignments with Equinor, a compatriot state-owned energy giant for a range of assets on the Norwegian Continental Shelf (NCS) and onshore Norway.

Aker Solutions has secured between NOK 8 billion (around $800 million) and NOK 12 billion (about $1.2 billion) for five-year maintenance and modifications frame agreements with Equinor. However, the exact value of the contracts will depend on the volume of maintenance and modification work carried out during the fixed contracting period.

These deals are said to include options to extend for two additional periods of three and two years, respectively. The assignments, excluding options, will be booked as a major order intake in the first quarter of 2026 within the firm’s Life Cycle segment.

The intended scope involves maintenance and modification services for the Johan Sverdrup, Troll, Kristin, Åsgard, Heidrun, Njord, Grane, Kvitebjørn, and Valemon offshore assets. Aker Solutions is expected to also provide maintenance and modification services for the Øygarden onshore plants, which include Kollsnes and Sture, as well as maintenance on Northern Lights.

Kjetel Digre, Chief Executive Officer at Aker Solutions, commented: “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.”

The new frame agreements will involve the company’s locations in Trondheim, Bergen and Stavanger, while fabrication will be carried out at the Norwegian player’s yard in Egersund. The assignments will also provide work for offshore employees.

“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,” added Digre.

These agreements come months after Aker Solutions was hired by Equinor for a subsea development combining multiple discoveries in the Norwegian North Sea. The company also landed a multi-year brownfield services assignment in November 2025 with ExxonMobil in Canada.