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AF Gruppen ASA ( (AGRUF) ) has provided an update.
AF Offshore Decom, part of AF Gruppen, has secured a contract from Ithaca Energy to handle the engineering, reception, dismantling and recycling of a 23,000-tonne floating production platform from the UK sector of the North Sea, which will be received at AF Miljøbase Vats in 2026. The deal, valued between NOK 225 million and NOK 275 million excluding VAT, underscores AF Gruppen’s strengthening position in the offshore decommissioning segment and highlights growing demand for sustainable end-of-life solutions for large floating units, with potential implications for revenue growth and environmental credentials in its offshore portfolio.
The most recent analyst rating on (AGRUF) stock is a Hold with a NOK196.00 price target. To see the full list of analyst forecasts on AF Gruppen ASA stock, see the AGRUF Stock Forecast page.
More about AF Gruppen ASA
AF Offshore Decom is a subsidiary of Norwegian contractor AF Gruppen ASA that specialises in decommissioning offshore oil and gas infrastructure, including engineering, reception, dismantling and environmentally responsible recycling of large offshore units, primarily in the North Sea market.
YTD Price Performance: 33.08%
Average Trading Volume: 71,773
Current Market Cap: NOK20.57B
For an in-depth examination of AGRUF stock, go to TipRanks’ Overview page.