Subsea7 Wins $150–300 Million Aker BP Lyra Contract Offshore Norway

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Subsea7 Wins $150–300 Million Aker BP Lyra Contract Offshore Norway

Updated on Nov 03, 2026, 02:50 AM IST
Written & Edited by Harikesh VA

Subsea7 announced on 2 November 2026 that it has been awarded a substantial contract by Aker BP for the Lyra field development project, formerly known as Kjøttkake.

 

The field is located in the northern part of the North Sea, approximately 44 kilometres from the Gjøa platform offshore Norway. Subsea7 classifies a substantial contract as one valued between USD 150 million and USD 300 million.

Scope of work

Under the contract, Subsea7 will carry out engineering, procurement, construction, and installation (EPCI) of gas lift and production pipelines and associated subsea infrastructure.

 

The Lyra field development will be tied back to the existing Gjøa platform through the NOVA field infrastructure. The production pipeline will feature a pipe-in-pipe design, and offshore installation activities will be executed using vessels from Subsea7's fleet.

 

Execution timeline

Project management and engineering activities will commence immediately at Subsea7's office in Stavanger, Norway.

 

Pipeline fabrication will take place at the company's spool base at Vigra, Norway. Offshore operations are scheduled for execution during 2026, 2027, and 2028.

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Accelerated development schedule

Lyra is a fast-track development targeting first oil in 2028, just three years after discovery. To enable the accelerated schedule, Subsea7 received a pre-commitment for critical long-lead items in December 2025.

Industry response

Erik Femsteinevik, Vice President Norway at Subsea7, said, "Lyra showcases the strength of the Aker BP Subsea Alliance. From securing long-lead items to mobilising engineering, fabrication, and offshore resources, this award demonstrates Subsea7's ability to deliver first production at exceptional speed. We are excited to support Aker BP on another landmark development and proud to bring the expertise of our Stavanger and Vigra teams to a project that will deliver significant value for our client, partners, and the Norwegian Continental Shelf."

The Aker BP Subsea Alliance is a partnership between Aker BP, Subsea7, and OneSubsea.

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