Norway’s Aker Solutions has been awarded multiple five-year frame agreements for maintenance and modification services with Equinor in Norway. The contracts include options to extend for two additional periods of three and two years, respectively. The value of the contracts will depend on the volume of maintenance and modification work carried out during the fixed contracting period. Since Aker Solutions described the contract as major, it is in the NOK 8bn ($792.5m) and NOK 12bn ($1.19bn) range. The deal, excluding options, will be booked in the first quarter of 2026 in the life cycle segment. Splash reported on Wednesday that the company decided to cut costs and adjust capacity after several years of record-high workload, with the Norwegian engineering group expecting activity to ease in 2026 compared with 2025. It will reduce headcount in parts of the business to match the outlook, with just over 500 of its roughly 12,000 permanent employees potentially affected. Around 300 of the roles are tied to Aker Solutions’ yard in Verdal, where the changes are expected to take effect from early spring 2026. googletag.cmd.push(function() { googletag.display('div-gpt-ad-1_95_0_1_2'); }); TagsNorway