Copyright © Inderes 2011 - present. All rights reserved.
  • Latest
  • Markets
    • Morning Review
    • Stock Comparison
    • Financial Calendar
    • Dividends Calendar
    • Research
    • Articles
    • Insider Transactions
    • Transcripts
  • inderesTV
  • Portfolio
  • Forum
  • Premium
  • Femme
  • Nora AI
  • Learn
    • Investing School
    • Q&A
    • Analysis School
  • About Us
    • Our Coverage
    • Team
Regulatory press release

AFG: New decommissioning project in the North Sea

AF Gruppen
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.

For further information:
EVP Offshore AF Gruppen, Lars Myhre Hjelmeset, tel. +47 970 39 084
Find us on social media
  • Inderes Forum
  • Youtube
  • Facebook
  • Instagram
  • X (Twitter)
  • Tiktok
  • Linkedin
Get in touch
  • info@inderes.fi
  • +358 10 219 4690
  • Porkkalankatu 5
    00180 Helsinki
Inderes
  • About us
  • Our team
  • Careers
  • Inderes as an investment
  • Services for listed companies
Our platform
  • FAQ
  • Terms of service
  • Privacy policy
  • Disclaimer
Inderes’ Disclaimer can be found here. Detailed information about each share actively monitored by Inderes is available on the company-specific pages on Inderes’ website. © Inderes Oyj. All rights reserved.