Aker Solutions ASA: Aker Solutions to upgrade Mongstad refinery for Equinor
Mongstad plays an important role in the distribution of Norwegian oil and gas, with a long production horizon ahead.
"Equinor's goal is to reduce emissions significantly from the Mongstad refinery. This matches our aim to enable our customers to increase efficiency and minimize emissions in their operations, and ensure safe and responsible production", said Paal Eikeseth, executive vice president and head of Aker Solutions' Life Cycle segment.
Aker Solutions will be in charge of project management, engineering, procurement, construction and installation work, and commissioning in an EPCIC contract.
Our engineering office in Bergen will be the main location for project management, engineering, and procurement work. In addition, Aker Solutions' Mumbai office will be involved in engineering. Prefabrication and assembly work will be done from the Egersund yard, while the Stord yard will be responsible for providing construction personnel to the Mongstad site. The project will employ over 500 employees at its peak.
Aker Solutions previously announced another contract award by Equinor to conduct a feasibility study for its Mongstad Industrial Transformation project.
The project will start right away and is expected to be completed in the fourth quarter of 2026.
The contract will be booked as order intake in the second quarter of 2024 in the Life Cycle segment.
1Aker Solutions defines a substantial contract as between NOK 2.5 billion and NOK 4.0 billion.
Contact:
Preben Ørbeck
investor relations
[email protected]
+47 470 10 611
Ruth Lycke
media contact
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+47 906 65 931
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