Rebalance Sourcing After Early North Sea Production and Decommissioning

The project has been executed using Aker BP’s alliance model, in close cooperation with suppliers and alliance partners, including OneSubsea, Subsea7, Aker Solutions, and Halliburton, as well as Saipem during the drilling phase

With the start-up of SSP, we have now delivered the entire portfolio of subsea tie-back projects sanctioned in 2022

Through a single integrated project, we have brought three new fields on stream, one year ahead of the original schedule. This demonstrates what we can achieve through close collaboration between our employees, alliance partners and suppliers

Trond Bokn, Senior Vice President for Project Development at Equinor, underlined: “We start production with excellent HSE results, ahead of schedule and several hundred million Norwegian kroner below the cost estimate. The main reasons are efficient marine operations and a highly efficient drilling campaign, which was completed 25 per cent faster than planned

Troll Phase 3 stage 2 builds on the subsea facilities from the Troll Phase 3 project, which came on stream in 2021, reusing design and standardized solutions to reduce execution time and costs, paving the way for future subsea developments. Troll Phase 3 stage 2 comes on stream just over two years after the partnership’s investment decision

Troll Phase 3 stage 2 builds on the subsea facilities from the Troll Phase 3 project, which came on stream in 2021, reusing design and standardized solutions to reduce execution time and costs, paving the way for future subsea developments

Well-Safe Protector rig; Source: Spirit Energy Spirit Energy has completed a £40 million ($55 million) decommissioning campaign in the North Sea, which involved more than 114,000 hours of work and brought together specialist vessels, a rig, remotely operated vehicles (ROVs), and teams from across more than 30 UK supply chain partners, including DeepOcean and Well-Safe Solutions. The operator has plugged and abandoned three subsea wells and removed more than 234 tons of subsea infrastructure, with 100% of the r

The operator has plugged and abandoned three subsea wells and removed more than 234 tons of subsea infrastructure, with 100% of the recovered materials on course to be reused or recycled in UK yards

“The UK industry is committed to decommissioning subsea wells which are no longer producing oil or gas in a safe, cost-effective and timely manner, while reducing environmental risks and lowering the cost of decommissioning tax relief to the Exchequer,” according to Spirit Energy

This deal follows the completion of the company’s first international offshore drilling contract and the redeployment of its rig to another GCC market, reflecting the flexibility of the firm’s operating model and its ability to capitalize on opportunities across the region. The contract marks Arabian Drilling’s entry into a new GCC market, with operations expected to begin before the end of the third quarter of 2026

“As we continue to expand our regional presence, we remain focused on delivering sustainable growth, creating long-term value for our shareholders, and supporting the evolving needs of the energy sector across the region. ” Recently, Arabian Drilling obtained the green light for all remaining suspended offshore rigs to resume operations, reflecting the continued recovery in offshore market activity, as illustrated by ADES, which also secured the go-ahead to restore all temporarily suspended offshore rig operati

Illustration; Source: Arabian Drilling Arabian Drilling signed a contract with Masirah Oil and Northern Offshore on August 17, 2026, with a value of less than 5% of total revenue based on the audited financial statements for 2025, to drill two firm wells, in addition to two optional wells, in Oman. The assignment will conclude upon completion of these drilling operations