<p>AF Gruppen ASA has secured a new decommissioning project involving the dismantling and recycling of a vessel weighing approximately 24,000 metric tons, to be received at the AF Environmental Base Vats (AFEBV) in 2026. The contract, valued between NOK 350-400 million excluding VAT, follows a previous award from Ithaca Energy for the FPF-1 asset in December 2025. In total, nearly 50,000 tons of floating production and storage facilities will be delivered to AFEBV for combined float over and load in operations. The units will be cleaned, dismantled, and the steel will be repurposed, upcycled, and recycled for use in agriculture, construction, and civil industries across the Nordic region. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. AF Gruppen ASA published the original content used to generate this news brief on February 11, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT) Original Document: here</p>

AF Gruppen Secures NOK 400 Million Decommissioning Contract from Ithaca Energy