Project · Offshore gas platforms · Norway

Yggdrasil (Aker BP)

A three-platform development now estimated at NOK 195 bn (nominal, Oct 2026): the last topsides go offshore in late 2026, with hook-up, commissioning and subsea installation running into 2027.

Checked by hand against the sources below (2026-10-20).

  1. Engineering (done)
  2. Fabrication (done)
  3. Transport & installation (now)
  4. Hook-up (now)
  5. Commissioning (next)
  6. Operation

Now Transport & installation · Hook-up (reported: offshore installation and hook-up (Hugin B topside installed early July 2026; Munin topside loaded out at Aibel Haugesund, ready for…)

Next Commissioning · not announced

Roles Commissioning & start-up · QA/QC & HSE · Project management & controls · Role groups per phase: our planning assumption from the Crew Forecast model.

Later Operation summer 2027 (start-up target 2027 (Aker BP aims for summer 2027), as reported)

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Their rate stays; our fee goes on top: 20% → 15% → 12%. Open book →

Who works on it as the sources name them

  • Aker BPOperator / owneroperator (Hugin licence 76.72%); partners Equinor and Orlen Upstream Norway
  • Aker SolutionsEPC / main contractorEPC and offshore hook-up for the Hugin A production platform and jacket and the Hugin B unmanned wellhead platform and jacket (contract ~NOK 22 bn, Dec 2022);…
  • Subsea7Transport & installationSURF package (per Offshore Technology project profile)
  • AllseasTransport & installationtopsides installation (per Offshore Technology project profile)
  • NKTEquipment & supplysubsea power cables (per Offshore Technology project profile)
  • AibelEPC / main contractorEPC of the Munin unmanned production platform topsides (Haugesund)
Kind
Offshore gas platforms
Country
Norway
Size
~700 million boe; 57 wells on three platforms; 250 km power cable from shore
Operator
Aker BP
Position
59.90°N 2.20°E, approximate

Sources

  1. Aker BP sends Hugin B topside to Yggdrasil in the Norwegian North SeaPortNews · published 2026-07-06 · read 2026-09-22
  2. Aker Solutions Secures Multiple Contracts with Aker BP – Record High Order IntakeAker Solutions (company newsroom) · published 2022-12-16 · read 2026-09-22
  3. Yggdrasil Field Development, North Sea, NorwayOffshore Technology · read 2026-09-22
  4. Aker BP increases project cost estimates to protect 2027 startupsOil & Gas Journal · published 2026-07-15 · read 2026-10-08
  5. Aker BP narrows 2026 production guidance as major Norway projects advanceWorld Oil · published 2026-07-15 · read 2026-10-08
  6. Mammoet completes critical topsides operations for Aker BP's Yggdrasil projectWorld Oil · published 2026-08-13 · read 2026-10-08
  7. Costs of Aker BP's flagship offshore projects continue to rise (Reuters)Baird Maritime · published 2026-10-07 · read 2026-10-08
  8. Second quarter 2026 resultsAker BP · published 2026-07-15 · read 2026-10-20
  9. Yggdrasil-områdetAker BP · read 2026-10-20
  10. Field Fulla - Approved for productionSodir FactPages · published 2026-10-23 · read 2026-10-24
  11. Field Hugin - Approved for productionSodir FactPages · published 2026-04-19 · read 2026-10-24
  12. Field Hugin Satellitter - Approved for productionSodir FactPages · published 2026-04-02 · read 2026-10-24
  13. Field Munin - Approved for productionSodir FactPages · published 2026-10-23 · read 2026-10-24
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