Aker Solutions AKSO + Aibel + Subsea7 SUBC, Northern Lights Phase 2 EPC NOK 1.5-2.5 bn 1 Apr 2025 + Yggdrasil NOK 115 bn + Subsea7 Fram Sør Jul 2025 $300-500 m + Equinor MMO NOK 8-12 bn.
Norwegian EPC industrial-plant workforce against Aker Solutions ASA (Oslo Børs AKSO; subsea + topsides + CCS engineering), Aibel AS (private; Ratos AB ~32% + Sjötrans Holding ~68%; major Haugesund yard), Subsea7 S.A. (Oslo Børs SUBC also LSE; SURF / SPS installation specialist), Saipem Norway AS (Saipem S.p.A. Borsa Italiana SPM subsidiary), Bilfinger Industrial Services Norway (Bilfinger SE Frankfurt GBF subsidiary), and Veidekke Industri AS (Veidekke ASA VEI subsidiary; asphalt/industrial concrete) — Northern Lights Phase 2 CCS (Aker Solutions EPC awarded by Equinor on behalf of Northern Lights JV — Equinor + Shell + TotalEnergies; "significant" NOK 1.5-2.5 bn ~$143-238 m; Phase 2 lifts transport-storage from 1.5 Mt to ≥5 Mt CO₂/yr; funded in part by CEF Energy; start Q2 2025 completion 2028) + Yggdrasil area (NOA / Krafla / Fulla — Aker BP + Equinor + LOTOS total CapEx NOK 115 bn; Aker Solutions Fixed Facilities Alliance topsides + jackets) + Equinor MMO frame agreements Q1 2026 order intake (Aker Solutions multiple five-year maintenance/modification frames aggregate NOK 8-12 bn) + Subsea7 Fram Sør EPCI award July 2025 ("large contract" $300-500 m; 53 km production/gas-lift/water-injection flowlines + umbilical install; offshore installation 2026-28) + Seven Viking IMR frame extension Equinor to end-2027 December 2025 + Johan Sverdrup Phase 3 (Equinor FID 1 July 2025; ~$1.3 bn investment; TechnipFMC EPCI NOK 5.3 bn; Aibel "significant" NOK 0.5-1.5 bn 2023-2026 M&M). Verkstedoverenskomsten sectoral CBA + Petroleumstilsynet Havtil + Norwegian Welding Society NSF + EN ISO 9606-1 + EN 1090 EXC2/3/4 + A-krim Vestland + §14-12 c solidaransvar + Skatteetaten RF-1199 / OTP / A-melding.
Request Technical BriefingRegulator exposure profile
- Verkstedoverenskomsten + Havtil28%
- EN ISO 9606-1 + EN 1090 EXC324%
- §14-12 c + innleielov + A-krim26%
- NORSOK + IEC 61511 SIL22%
CCS + offshore oil-gas EPC ladder.
Norwegian EPC industrial-plant ladder: civil + foundations through process-piping + mechanical + E&I + commissioning — anchored by Havtil (Petroleumstilsynet) for offshore + Verkstedoverenskomsten for fabrication yards.
▲ Process ready / first oil/CO2
- Mechanical completion fulfilled
Process + first oil/CO2
- EN 1090 EXC3+
- EN ISO 9606-1 NSF
- NORSOK S-006
- E&I + DCS integration fulfilled
Instrument loop-check
- IECEx CoPC
- Havtil
- IEC 61511 SIL
- Piping + mechanical fulfilled
Pipe + steel erect
- Verkstedoverenskomsten
- EN ISO 3834-2
- WPQR scope
- Civil + foundations fulfilled
Concrete + earthworks
- Fellesoverenskomsten byggfag
- §14-12 c
- NS-EN 1090
▼ Civil ground works / yard
Named projects in this jurisdiction
- Northern Lights Phase 2 CCS (Aker Solutions EPC awarded by Equinor on behalf of Northern Lights JV — Equinor + Shell + TotalEnergies; "significant" NOK 1.5-2.5 bn / ~$143-238 m; Phase 2 lifts transport-storage capacity from 1.5 Mt to ≥5 Mt CO₂/yr; funded in part by CEF Energy; start Q2 2025 completion 2028) Aker Solutions ASA / Northern Lights JV 2025
- Yggdrasil area (NOA / Krafla / Fulla) (Aker BP + Equinor + LOTOS total CapEx NOK 115 bn; Aker Solutions Fixed Facilities Alliance with Aker BP + Siemens Energy supplies topsides + jackets for NOA PdQ and Frøy NUI) + Equinor MMO frame agreements Q1 2026 order intake (Aker Solutions multiple five-year maintenance/modification frames aggregate value NOK 8-12 bn) Aker BP + Equinor + Aker Solutions
- Subsea7 Fram Sør EPCI (Equinor; "large contract" $300-500 m; 53 km production/gas-lift/water-injection flowlines + umbilical install; offshore installation 2026-28; awarded July 2025 — preceded by FEED award 9 January 2025) + Seven Viking IMR frame extension Equinor to end-2027 December 2025 Subsea7 S.A. (SUBC) / Equinor 2025
- Johan Sverdrup Phase 3 (Equinor FID 1 July 2025; total ~$1.3 bn investment; TechnipFMC EPCI NOK 5.3 bn; Aibel "significant" NOK 0.5-1.5 bn 2023-2026 M&M contract) + Aker Solutions ASA (AKSO) + Aibel AS (private Ratos + Sjötrans) + Subsea7 (SUBC) + Saipem Norway (SPM sub) + Bilfinger Industrial Services Norway (GBF sub) + Veidekke Industri (VEI sub) Equinor + Aker Solutions + Aibel + Subsea7
Norwegian EPC: Aker Solutions (AKSO; Northern Lights Phase 2 NOK 1.5-2.5 bn 1 Apr 2025), Aibel (Haugesund yard private), Subsea7 (SUBC; Fram Sør $300-500 m Jul 2025), Saipem Norway, Bilfinger Industrial Services Norway, Veidekke Industri. Yggdrasil NOK 115 bn + Equinor MMO NOK 8-12 bn + Johan Sverdrup P3 $1.3 bn 1 Jul 2025. Verkstedoverenskomsten + Havtil + §14-12 c govern.
01. Pre-pricing — Verkstedoverenskomsten + Industrioverenskomsten
EPC fabrication-yard workforce under Verkstedoverenskomsten (Fellesforbundet-Norsk Industri) + Industrioverenskomsten allmenngjøring (shipyards).
02. A1 + Norwegian-language contract + NSF + IECEx pre-deployment
A1 + Norwegian-language contract. NSF (Norwegian Welding Society) + EN ISO 9606-1 + EN 1090 EXC3+ per pressure-part welder. IECEx CoPC + IEC 61511 SIL per E&I worker.
03. Skatteetaten + Havtil + A-krim Vestland onboarding
Skatteetaten RF-1199 / OTP / A-melding reporting. Havtil (Petroleumstilsynet) clearance per offshore/CCS scope. A-krim Vestland joint enforcement on fabrication-yard supply chains.
04. Skatteetaten + Arbeidstilsynet-defensible evidence pack
Minimum pack: Norway-bank-traceable remuneration, Norwegian-language contract, A1 receipt, Verkstedoverenskomsten reconciliation, NSF + EN ISO 9606-1 + EN 1090 EXC3 + IECEx CoPC + NORSOK S-006 competency per worker.
05. India and Gulf sourcing corridors — the Norway EPC pathway
Indian Larsen & Toubro Heavy Engineering + Gulf ADNOC/ARAMCO pressure-part welder pools route through Verkstedoverenskomsten + NSF + EN ISO 9606-1 + IECEx audit-grade chain-of-custody against Aker Solutions, Aibel, Subsea7, Saipem Norway, Bilfinger Industrial Services Norway, or Veidekke Industri scopes.