Norwegian oil and gas operator Equinor has awarded multi-year framework agreements valued at approximately Nkr100 billion ($9.9 billion) to seven contractors. The agreements, covering maintenance, replacement, and modification work, are set to commence in the first half of 2026 and have a base duration of five years, with options to extend for an additional three and two years. These contracts are crucial for providing the contractors with long-term, reliable revenue streams.

Scope and Strategic Importance

The agreements encompass about 30 offshore facilities and five onshore facilities operated by Equinor in Norway. They are essential for supporting the company's strategic ambition to maintain Norwegian production at approximately 1.2 million barrels of oil equivalent per day through 2035. As the Norwegian continental shelf enters a mature phase, the contracts are designed to foster long-term collaboration with the supplier industry, drive continuous improvement, and develop new, competitive ways of working to ensure predictable energy deliveries to Europe.

Contract Awards and Work Allocation

The seven recipient contractors are Aibel, Aker Solutions, Moreld Apply, Rosenberg Worley, Wood, IKM, and Head Energy. The specific work scopes for brownfield services have been allocated as follows:

Maintenance and Modifications for Offshore Installations:

• Aibel is assigned to Sleipner, Gudrun, Draupner, Gullfaks, Visund, Oseberg, Martin Linge, Aasta Hansteen, Norne, Johan Castberg, and Snohvit.
• Aker Solutions is assigned to Johan Sverdrup, Grane, Troll, Kvitebjorn, Valemon, Kristin, Asgard, Heidrun, and Njord.
• Wood is assigned to Snorre.

Maintenance and Modifications for Onshore Plants:

• Aibel is assigned to Hammerfest LNG, Mongstad, Karsto, and Tjeldbergodden.
• Aker Solutions is assigned to Oygarden (encompassing Kollsnes and Sture).

Large Modifications (Extended Projects):

• Aibel, Aker Solutions, Moreld Apply, and Wood are qualified as bidders for upcoming tenders for large modification projects on both offshore installations and onshore plants.

Maintenance and Simple Projects for Selected Offshore Installations:

• Rosenberg Worley is assigned to Sleipner and Johan Sverdrup.
• Head Energy is assigned to Gullfaks, Oseberg, and Troll.
• IKM is assigned to Asgard and Heidrun.