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AF Gruppen

Regulatory Filings • Dec 22, 2025

3522_rns_2025-12-22_e8237737-80f6-48fd-a14d-bcd58d608874.html

Regulatory Filings

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New decommissioning project in the North Sea

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