Equinor (NYSE:EQNR) said on Thursday it has entered into a series of framework agreements with a combined value of around 100 billion Norwegian crowns ($9.93 billion) to cover maintenance and modification work across its portfolio of offshore and onshore assets.
The agreements run for an initial five-year term and include options for extensions of up to three years, followed by a further two-year period, providing long-term continuity for critical facility services.
The contracts have been awarded to a group of suppliers including Aibel, Wood Group, IKM Group, Head Energy, Rosenberg Worley, Moreld Apply and Aker Solutions. Under the arrangements, these companies will deliver maintenance, upgrades and modification services across Equinor’s operating infrastructure.
Equinor said the framework deals are designed to ensure safe and efficient operations while supporting ongoing improvements at both offshore installations and onshore facilities.