Fossil Energy – Norway
Equinor revealed that, on behalf of its partners, the company is exercising options valued at around $1.3 billion (NOK 11.5 billion) for framework agreements for maintenance and modification services for all onshore and offshore installations in Norway.
Deals with Aibel AS, Apply AS, Aker Solutions AS and Wood Group Norway AS will be extended by three years from March 1, 2023, Equinor outlined.
The original agreements were signed in 2016 and apply where Equinor is the operator or technical service provider, Equinor highlighted.
The options cover the same scope of work as previously regulated by contract and will be the last options of the contracts, Equinor revealed.
“We are pleased about continuing the good cooperation we have had with our suppliers,” Equinor’s chief procurement officer, Mette H. Ottøy, said in a company statement. “By exercising the options we can build on the suppliers’ knowhow of our installations and quickly test new cooperation models to achieve results.”
“We will encourage a reduction in CO2 emissions and costs through simplification, standardization, smart solutions and competitive local deliveries that will contribute to local ripple effects. The overall goal is that the enhanced cooperation will improve safety and produce results that will benefit both parties,” Ottøy went on to say.