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services on the Hebron platform.
The Brownfield M&M contract is a significant[1] five-year extension to the
original engineering, procurement, and construction (EPC) enabling agreement
awarded in 2015. Aker Solutions has delivered platform-wide upgrades and
modifications to the Hebron platform since 2015 and has provided multi
-disciplinary services to the East Coast Atlantic region for more than 30
years.
“We will leverage our multi-discipline Project Execution Model to deliver fit
-for-purpose solutions with speed and precision, ensuring successful outcomes
while reducing costs,” said Paal Eikeseth, Executive Vice President and head of
Aker Solutions’ Life Cycle Business.
The work will be led from Aker Solutions’ location in St. John’s, Newfoundland
and Labrador, where the company has increased its staff from 100 to 350
employees in recent years.
“We are pleased to continue our collaboration with ExxonMobil Properties, as
operator of the Hebron platform, offshore Newfoundland and Labrador. Canada is a
key market for us, where we take a long-term view and continue to deliver strong
customer value through our capabilities,” said Eikeseth.
The contract will be booked as an order intake in the fourth quarter of 2025 in
the Life Cycle segment.
[1]Aker Solutions defines a significant contract as being between NOK 1.5
billion and NOK 2.5 billion.
ENDS
Preben Ørbeck
investor relations
preben.orbeck@akersolutions.com
+47 470 10 611
Ruth Lycke
media contact
Ruth.Lycke@akersolutions.com
+47 906 65 931
Aker Solutions delivers integrated solutions, products and services to the
global energy industry. We enable low-carbon oil and gas production and develop
renewable solutions to meet future energy needs. By combining innovative digital
solutions and predictable project execution we accelerate the transition to
sustainable energy production. Aker Solutions employs approximately 12,000
people in more than 15 countries.
Visit akersolutions.com and connect with us on
Facebook (Aker Solutions | Lysaker),
Instagram (https://instagram.com/akersolutions/),
LinkedIn (Aker Solutions | LinkedIn) and
YouTube (https://www.youtube.com/akersolutions).
This press release may include forward-looking information or statements and is
subject to our disclaimer, see https://akersolutions.com
This information is subject of the disclosure requirements pursuant to section 5
-12 of the Norwegian Securities Trading Act.
This stock exchange release was published by Svend Thürmer, Communications, Aker
Solutions, on November 5, 2025 at 23:45 CET.
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