New decommissioning project
11.2.2026 15:41:57 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, cleaning, dismantling, and recycling of a floating storage unit (FSU) from the UK sector of the North Sea.
The vessel has a total weight of approximately 24,000 metric tons and will be received at AF Environmental Base Vats in 2026. Contract value is in the range of NOK 350-400 million excluding VAT.
“We are very pleased to have been awarded a second major contract by Ithaca Energy following the award of the FPF-1 asset in December 2025. As a result of the awards, AF Environmental Base Vats will receive close to 50,000 tons of floating production and storage facilities from Ithaca Energy in 2026. The two units will, after initial preparations, be loaded onto our yard in a combined float over and load in operation, consistent with earlier similar projects at AFEBV. The units will be cleaned, dismantled and thereafter the steel will be repurposed, upcycled and recycled creating several circular material solutions for the agriculture, construction and civil industries in the Nordic region. We thank Ithaca Energy for their recognition and look forward to delivering a unique and truly sustainable decommissioning solution for these large floating assets,” says Lars Myhre Hjelmeset, EVP Offshore at AF Gruppen.
Keywords
Contacts
Lars Myhre Hjelmeset
Tel:+ 47 970 39 084LarsMyhre.Hjelmeset@afgruppen.noImages
About AF Offshore Decom
AF Offshore Decom is a specialized contractor offering bespoke decommissioning solutions for the global offshore energy market.
Subscribe to releases from AF Gruppen ASA
Subscribe to all the latest releases from AF Gruppen ASA by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from AF Gruppen ASA
NFF and AF Gruppen enter strategic partnership25.3.2026 09:30:00 CET | Press release
The Norwegian Football Federation (NFF) and AF Gruppen have entered into a cooperation agreement, marking the start of a strategic partnership between the two organisations. Through the agreement, AF Gruppen will contribute as a partner in the further development of Norwegian football.
New Disposal Contract Awarded to AF Environmental Base Vats25.3.2026 08:40:00 CET | Press release
AF Offshore Decom has been awarded a contract by Heerema Marine Contractors for the onshore disposal of offshore facilities.
Awarded contract for the refurbishment and extension of Frölundabadet in Gothenburg13.3.2026 13:34:56 CET | Press release
AF Bygg Väst, a subsidiary of AF Gruppen, has been awarded the contract by the City of Gothenburg’s real estate administration to carry out the refurbishment and extension of Frölundabadet in Gothenburg. The contract value is SEK 253 million excluding VAT.
Renovating more student housing in Bergen12.3.2026 10:41:34 CET | Press release
LAB Entreprenør, a subsidiary of AF Gruppen, has entered into an agreement with Sammen, the Student Welfare Organisation of Vestland, for the refurbishment of two residential blocks at Hatleberg in Bergen.
Selected for the construction of phase 2 of Drammen Helsepark25.2.2026 15:44:15 CET | Press release
Strøm Gundersen, a company within AF Gruppen, has been selected to construct the buildings Krafttårnet and Generatoren, which together constitute construction phase 2 of Drammen Helsepark. The client is Drammen Helsepark AS, which has established the project company DHP Bygg BK4‑2 AS as the contracting entity. The contract is valued at NOK 731 million excluding VAT and will be delivered as a turnkey contract. Drammen Helsepark AS is wholly owned by Bane NOR Eiendom AS.
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.
Visit our pressroom