Aibel will carry out modifications to the Ivar Aasen platform for Aker BP in connection with tie-back of the Symra field. The assignment has a value of approximately NOK 700 million.

The Symra contract is a call-off in Aibel’s existing frame agreement with Aker BP for maintenance and modifications. The work includes modifications to the Ivar Aasen platform to prepare tie-back of the Symra field at the Utsira High in the central part of the North Sea. Aibel has been involved in all study phases of the development project since spring 2021 and until the decision on execution. The company will now be responsible for engineering, procurement, construction and installation.

“Aibel has vast experience with these types of modifications, and we are of course pleased about the trust Aker BP places with this assignment. We now need to carry on the good efforts from the study phases into the execution so that we will deliver on quality, time and budget,” says Executive Vice President for Modifications and Yard Services at Aibel, Nils Arne Sølvik.

Work begins immediately and will involve a total of around 100 employees in offices, yard and offshore. Engineering, procurement and project management will take place at Aibel’s Stavanger office. The expected construction start at the yard in Haugesund is in September 2023, where work will continue until May 2026. The entire project is expected to be completed by the end of 2026.

About Aibel

Aibel is a leading service company within the oil and gas industry and is established in renewable energy.
The company`s around 4,000 employees in Norway and abroad are engaged onshore and offshore. With six locations in Norway, the company is located near the customers. In addition to operations in Norway, Aibel is also located in Thailand and Singapore.

About Aker BP

Aker BP is an independent E&P company with exploration, development and production activities on the Norwegian Continental Shelf. Aker BP is the operator of Alvheim, Ivar Aasen, Skarv, Valhall, Hod, Ula and Tambar. The company is also a partner in the Johan Sverdrup field. Aker BP is headquartered at Fornebu, Norway, and is listed on the Oslo Stock Exchange under the ticker ‘AKRBP’.

Frosk is the first of three new subsea tie-back projects to the Alvheim FPSO, with Kobra East & Gekko planned to come on stream early 2024 and Tyrving expected on stream in 2025.