The leading Norwegian services companies Aker Solutions and Aibel have received contract extensions for the asset support work they perform on the giant Johan Sverdrup offshore field.

Both companies said the “sizeable” contract extension was worth between Nkr500 million (US$49 million) and Nkr1.5 billion ($147 million) on a net basis.

In 2019, both contractors were awarded maintenance and modifications assignments at the Equinor-operated Johan Sverdrup until 2022 as a call-off in the companies’ existing M&M frame agreements.

Equinor has now decided to extend these arrangements until February 2026.

Both contractors have had significant involvement with the mighty Johan Sverdrup project during the field development stage, and now in an asset support role.

Aker Solutions said the Johan Sverdrup field is expected to deliver oil and gas for over 50 years. At peak, it is projected the field can produce up to 30% of the total oil and gas production on the Norwegian Continental Shelf, and is expected to deliver resources of 2.7 billion barrels of oil equivalent.

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