Equinor revealed, in an announcement posted on its web site on Thursday, that it has awarded 12 framework agreements to seven provider corporations with a complete worth of round NOK 100 billion ($9.9 billion).
The corporate highlighted within the assertion that these new framework agreements are for upkeep and modifications on the corporate’s offshore installations and onshore crops. The provider corporations comprise Aibel AS, Aker Options AS, Wooden Group Norway, Apply AS, Rosenberg Worley AS, Head Vitality AS, and IKM Gruppen AS, Equinor revealed.
Agreements begin within the first half of this 12 months, have a length of 5 years, and embody extension choices of three and two years, Equinor identified in its assertion. The corporate famous that the ultimate portfolio distribution shall be assigned when the contracts are signed, which it revealed “is deliberate in week 4”.
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“These agreements lay the muse for protected and aggressive operations at Equinor’s offshore installations and onshore crops within the years to come back,” Equinor stated within the assertion.
“The agreements create predictability and ripple results for the Norwegian provider trade throughout the nation,” it added.
In its assertion, Equinor revealed that, “to help the ambition of sustaining manufacturing round 1.2 million barrels of oil equal per day (2020 stage) on the Norwegian continental shelf in the direction of 2035”, the corporate is planning a sequence of actions.
These embody investing “about NOK 60-70 billion” ($5.9 billion to $6.9 billion) yearly in elevated restoration and new fields on the Norwegian continental shelf, drilling “round 250 exploration wells and about 600 wells for elevated restoration”, performing 300 properly interventions yearly and “round 2,500 modification initiatives”, and maturing and creating over 75 subsea developments that may be tied to current infrastructure, the assertion outlined.
Additionally they embody lowering the corporate’s personal greenhouse gasoline emissions in the direction of almost 50 p.c by 2030, in comparison with 2015 figures, “whereas delivering secure and predictable power provides to Europe”, and investing in upkeep and modifications at installations and onshore services “to strengthen security and keep excessive regularity, whereas lowering local weather and environmental footprints”, Equinor outlined.
“The Norwegian continental shelf will stay the spine for Equinor for a very long time,” Kjetil Hove, govt vice chairman for the Norwegian continental shelf at Equinor, stated within the assertion.
“Our ambition is to keep up a excessive manufacturing stage and predictable power deliveries to Europe in the direction of 2035. On the identical time, the shelf is getting into a mature section that may require new options,” Hove added.
“To succeed, we should, along with the provider trade, discover new methods of working that strengthen our competitiveness. These agreements facilitate long-term collaboration and steady enchancment on core duties at Equinor’s offshore installations and onshore services in Norway,” Hove continued.
Jannicke Nilsson, chief procurement officer at Equinor, stated within the assertion, “these are strategically vital agreements, and collectively among the many largest Equinor has awarded”.
“The agreements will guarantee long-term exercise and worth creation throughout Norway, with job creation estimated at round 4,000 man-years on the suppliers. The purpose is shut, long-term, and predictable cooperation that strengthens the tradition for security and safety and our shared competitiveness,” Nilsson added.
“Collectively, we are going to work safer and smarter, and scale up using new expertise,” Nilsson continued.
In an announcement posted on its website on Thursday, Aibel introduced that it had been awarded “main” Equinor body agreements.
“Since 2022, now we have had a strategic long-term collaboration settlement with Equinor the place a key focus space has been enhancements inside M&M,” Aibel President and CEO Mads Andersen stated in that assertion.
“We’re subsequently happy with the belief Equinor has proven us by as soon as once more selecting us because the provider for upkeep and modification of important infrastructure at each offshore and onshore services,” Andersen added.
“We sit up for persevering with a detailed and robust collaboration, the place we will contribute to the continuing protected, worthwhile and sustainable growth of the Norwegian continental shelf,” Andersen acknowledged.
In an announcement posted on its website yesterday, Aker Options introduced that it had secured long-term upkeep and modifications body agreements with Equinor.
“We’re grateful for this renewed belief, which we view as a robust endorsement of the standard of service we’ve supplied to Equinor for many years,” Kjetel Digre, Chief Government Officer at Aker Options, stated on this assertion.
“Our dedication to supporting protected and environment friendly operations, together with our confirmed capacity to adapt to altering situations on the Norwegian Continental Shelf, have been clearly acknowledged,” Digre added.
In an announcement posted on Moreld Apply’s web site on Thursday, Moreld ASA introduced that its wholly owned subsidiary, Moreld Apply, had been awarded a body settlement to compete for big, complicated modifications on Equinor’s onshore and offshore services.
“The body settlement is strategically vital for the corporate and is estimated to contribute a quantity as a significant contract over the contract interval together with choices,” Moreld Apply stated in that assertion.
An announcement posted on Head Vitality AS’s web site in Norwegian on January 8, which was translated, acknowledged that the corporate had been awarded a framework settlement for upkeep and easy initiatives on the Troll, Gullfaks and Oseberg fields.
“We’re more than happy with the award and thank Equinor for the belief,” Morten Leikvoll, CEO of Head Vitality Gruppen, stated on this assertion.
“We’ve been working strategically for this for ten years and sit up for taking over the duty. Our ambition going ahead is to ship cost-effective and good initiatives in step with Equinor’s targets,” Leikvoll added.
To contact the creator, electronic mail andreas.exarheas@rigzone.com
