June 26, 2026 - Aker Solutions has signed a sizeable¹ five-year agreement with
Cenovus Energy Inc. for engineering and maintenance services on White Rose field
assets.
The White Rose field is located approximately 350 km east of St.
John's, Newfoundland and Labrador, Canada, on the eastern edge of the Jeanne
d'Arc Basin.
The scope includes comprehensive engineering, maintenance, and operations
support for the new West White Rose platform as well as the SeaRose Floating
Production Storage and Offloading (FPSO) vessel.
"We will apply our multidiscipline Project Execution Model to deliver safe,
predictable and cost-efficient operations for our customers," said Paal
Eikeseth, Executive Vice President and head of Aker Solutions' Life Cycle
business.
Aker Solutions has delivered offshore engineering services to the White Rose
field since 2005, including Concrete Gravity Structure (CGS) tow-out and
installation, onshore commissioning, and offshore hookup and commissioning for
the new West White Rose platform, which is expected to start production in
2026.
Aker Solutions has also been delivering EPCM services to the SeaRose FPSO since
2005 including onshore engineering, procurement, and work preparation for the
FSPO's recent Life Extension Drydock (LED) campaign in 2024.
The work will be led from Aker Solutions' office in St. John's, Newfoundland and
Labrador, with approximately 120 employees involved onshore and offshore.
"Aker Solutions has delivered multi-disciplinary services in the East Coast
region for more than 30 years. We value our long-standing collaboration with
Cenovus Energy and are proud to continue supporting the White Rose development
as Canada remains a key market for us," said Eikeseth.
The contract will be booked as order intake in the second quarter of 2026 in the
Life Cycle segment.
[1]Aker Solutions defines a sizeable contract as being between NOK 0.5
billion and NOK 1.5 billion.
ENDS
Preben Ørbeck
investor relations
preben.orbeck@akersolutions.com
+47 470 10 611
Ruth Lycke
media contact
ruth.lycke@akersolutions.com
+47 906 65 931
Aker Solutions delivers integrated solutions, products and services to the
global energy industry. We enable low-carbon oil and gas production and develop
renewable solutions to meet future energy needs. By combining innovative digital
solutions and predictable project execution we accelerate the transition to
sustainable energy production. Aker Solutions employs approximately 11,700
people in 13 countries.
Visit akersolutions.com and connect with us on
Facebook (https://www.facebook.com/AkerSolutions/),
Instagram (https://instagram.com/akersolutions/),
LinkedIn (https://www.linkedin.com/company/aker-solutions) and
YouTube (https://www.youtube.com/akersolutions).
This press release may include forward-looking information or statements and is
subject to our disclaimer, see https://akersolutions.com
information or statements and is\
subject to our disclaimer\, see https://akersolutions.com\