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Aker Solutions Gets Contract Extension From ConocoPhillips Worth Up to $400 Million

Provided by Dow Jones Nov 28, 2025, 12:49:00 PM

By Nina Kienle

Aker Solutions said it signed a six-year contract valued at up to around $400 million to provide services to ConocoPhillips at two fields offshore Norway.

The Norwegian energy-industry service provider said Friday that the exact value of the contract--expected to be between 2.5 billion and 4 billion kroner ($246 million-$393.6 million)--will depend on the volume of maintenance and modification work to be carried out.

The new contract period will start in January 2027 and will be booked as an order intake in the fourth quarter of this year, it said. The deal includes the option to extend the contract for up to two additional three-year periods, Aker said.

Write to Nina Kienle at nina.kienle@wsj.com

(END) Dow Jones Newswires

November 28, 2025 07:49 ET (12:49 GMT)

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