Aker Solutions Wins Major Aker BP MMO Contract for Norwegian Shelf Assets

Aker Solutions ASA ( (GB:0QXP) ) just unveiled an update.

Aker Solutions has secured a major five‑year maintenance, modification and operations contract from Aker BP covering all of the oil and gas producer’s key assets on the Norwegian Continental Shelf, including the new Yggdrasil area. The framework agreement, which is defined as a major NOK 8–12 billion award and includes options for up to eight additional years, will be booked as order intake in the first quarter of 2026 in the Life Cycle segment.

The work will be delivered through a next‑generation MMO alliance spanning fields such as Valhall, Fenris, Ula, EIGA, Skarv, Alvheim and Yggdrasil, with an explicit mandate to deploy digital and AI‑driven execution methods to lift productivity and cut costs. Aker Solutions plans significant Norwegian and international involvement, with engineering in Stavanger, Sandnessjøen and Mumbai, fabrication at its Egersund and Sandnessjøen yards, and additional offshore activity, underscoring both its role in remote, low‑manned operations and the wider ripple effects for local industry and employment.

The most recent analyst rating on (GB:0QXP) stock is a Buy with a NOK43.00 price target. To see the full list of analyst forecasts on Aker Solutions ASA stock, see the GB:0QXP Stock Forecast page.

More about Aker Solutions ASA

Aker Solutions is an engineering and services provider to the global energy industry, delivering integrated solutions, products and services for offshore and onshore projects. The company focuses on enabling low‑carbon oil and gas production and developing renewable energy solutions, using digital tools and predictable project execution to support the transition to more sustainable energy systems.

YTD Price Performance: 20.44%

Average Trading Volume: 705,630

Current Market Cap: NOK18.18B

For an in-depth examination of 0QXP stock, go to TipRanks’ Overview page.