New decommissioning project in the North Sea

22 Dec 2025 11:00 CET

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

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