New decommissioning project in the North Sea
22.12.2025 11:04:05 CET | AF Gruppen ASA | Press release
AF Offshore Decom, a company within AF Gruppen, has signed a contract with Ithaca Energy for the engineering, receipt, dismantling, and recycling of a floating production platform from the UK sector of the North Sea.
The facility has a total weight of approximately 23,000 metric tons and will be received at AF Environmental Base Vats in 2026. Contract value is in the range of NOK 225-275 million excluding VAT.
“We are very pleased to have been awarded this contract by Ithaca Energy. The award is a recognition of our track record and continued commitment to delivering sustainable decommissioning solutions, also for large floating assets,” says Lars Myhre Hjelmeset, EVP Offshore at AF Gruppen.
Contacts
Lars Myhre Hjelmeset
Tel:+ 47 970 39 084LarsMyhre.Hjelmeset@afgruppen.noImages
About AF Gruppen
AF Gruppen is a leading contracting and industrial group that was formed by an entrepreneurial spirit and execution capabilities. The group has 6,000 employees and revenue reached NOK 30,6 billion in 2024. AF Gruppen is listed on Oslo Stock Exchange (AFG).
We provide a broad range of services with seven operational business areas: Civil Engineering, Building, Betonmast, Property, Energy and Environment, Sweden and Offshore.
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