Company Updates

Equinor Exercising Options Valued around NOK11.5B for Framework Agreements

On behalf of its partners, Equinor is exercising options valued at around 11,5 billion NOK for framework agreements for maintenance and modification services for all onshore and offshore installations.

The cooperation with Aibel AS, Apply AS, Aker Solutions AS and Wood Group Norway AS is extended by three years and will continue creating significant ripple effects across the country.

The agreements were signed in 2016 and applies where Equinor is the operator or technical service provider.

The options are exercised for three years from March 1, 2023 and cover the same scope of work as previously regulated by contract. These will be the last options of the contracts.

2 MetteChief procurement officer Mette H. Ottøy. (Photo: Kjetil Eide / Equinor ASA)

“We are pleased about continuing the good cooperation we have had with our suppliers. By exercising the options, we can build on the suppliers’ knowhow of our installations and quickly test new cooperation models to achieve results,” says chief procurement officer Mette H. Ottøy.

“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,” she says.

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