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AF Gruppen Secures Landmark Decommissioning Contract with bp

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AF Gruppen Secures Landmark Decommissioning Contract with bp

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The latest announcement is out from AF Gruppen ASA ( (AGRUF) ).

AF Gruppen’s subsidiary, AF Offshore Decom, in partnership with THREE60 Energy, has secured a landmark contract with bp for decommissioning services at the Andrew field in the North Sea. This contract, valued at up to MNOK 4,000, marks the first of its kind on the UK continental shelf and highlights AF Gruppen’s strategic move towards integrated decommissioning solutions, potentially reducing costs and complexity for stakeholders while offering significant development opportunities for the company.

The most recent analyst rating on (AGRUF) stock is a Buy with a NOK180.00 price target. To see the full list of analyst forecasts on AF Gruppen ASA stock, see the AGRUF Stock Forecast page.

More about AF Gruppen ASA

AF Gruppen ASA operates in the construction and engineering industry, focusing on a wide range of services including civil engineering, building, property, energy, and environment. The company is known for its innovative solutions and sustainable practices, catering to both public and private sector clients.

Average Trading Volume: 29,496

Current Market Cap: NOK18.11B

See more data about AGRUF stock on TipRanks’ Stock Analysis page.

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