02/11/2026
Subsea7 today announced the award of a substantial(1) contract by Aker BP ASA for the Lyra field development project, formerly known as Kjøttkake, located in the northern part of the North Sea, approximately 44 kilometres from the Gjøa platform offshore Norway.
Subsea7's scope includes engineering, procurement, construction and installation (EPCI) of gas lift and production pipelines and associated subsea infrastructure. The production pipeline will feature a pipe-in-pipe design and offshore installation activities will be executed using vessels from Subsea7's fleet.
Lyra is a fast-track development targeting first oil in 2028, only three years after discovery. To enable the accelerated schedule, Subsea7 received a pre-commitment for critical long-lead items in December 2025.
Erik Femsteinevik, Vice President Norway at Subsea7, said: "Lyra showcases the strength of the Aker BP Subsea Alliance(2). 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."
Read more: https://www.subsea7.com/en/media/company-news/2026/Subsea7_awarded_contract_offshore_Norway_Nov2026.html
(1) Subsea7 defines a substantial contract as being between $150 million and $300 million.
(2) The Aker BP Subsea Alliance is a partnership between Aker BP, Subsea7 and OneSubsea.