General – Decommissioning
AF Offshore Decom has signed a contract with Ithaca Energy for the engineering, receipt, cleaning, dismantling, and recycling of a floating storage unit (FSU) from the UK sector of the North Sea.
The vessel has a total weight of approximately 24,000 metric tons and will be received at AF Environmental Base Vats (AFEBV) in 2026.
Contract value is in the range of NOK 350-400 million excluding VAT.
“We are very pleased to have been awarded a second major contract by Ithaca Energy following the award of the FPF-1 asset in December 2025. As a result of the awards, AF Environmental Base Vats will receive close to 50,000 tons of floating production and storage facilities from Ithaca Energy in 2026. The two units will, after initial preparations, be loaded onto our yard in a combined float-over and load-in operation, consistent with earlier similar projects at AFEBV. The units will be cleaned, dismantled, and thereafter the steel will be repurposed, upcycled, and recycled, creating several circular material solutions for the agriculture, construction, and civil industries in the Nordic region,” says Lars Myhre Hjelmeset, EVP Offshore at AF Gruppen.
