Equinor awards 12 new framework agreements covering maintenance and modification work across its offshore installations on the Norwegian Continental Shelf (NCS) and its onshore plants in Norway. The total value is around NOK 100 billion, with an estimated annual value of approximately NOK 10 billion.
The agreements commence in the first half of 2026, run for five years, and include three-year and two-year extension options. Equinor estimates job creation of around 4,000 man-years among suppliers and says three of the seven contractors are new players in maintenance and modifications.
In the same update, Equinor states that maintaining production around 1.2 million barrels of oil equivalent per day (2020 level) on the NCS towards 2035 is supported by planned activity on the shelf, including annual investment of about NOK 60–70 billion in increased recovery and new fields, drilling around 250 exploration wells and about 600 wells for increased recovery, performing 300 well interventions annually and around 2,500 modification projects, and maturing and developing over 75 subsea developments tied back to existing infrastructure. The company also reiterates a target to reduce its own greenhouse gas emissions towards nearly 50% by 2030 compared with 2015 figures.
For NCS installations, Aibel AS is allocated Sleipner, Gudrun, Draupner, Gullfaks, Visund, Oseberg, Martin Linge, Aasta Hansteen, Norne, Johan Castberg, and Snøhvit. Aker Solutions AS is allocated Johan Sverdrup, Grane, Troll, Kvitebjørn, Valemon, Kristin, Åsgard, Heidrun, and Njord, while Wood Group Norway AS is allocated Snorre. For onshore plants, Aibel AS is allocated Hammerfest LNG, Mongstad, Kårst,ø, and Tjeldbergodden, and Aker Solutions AS is allocated Øygarden (Kollsnes and Sture).
For large modifications (extended projects) on the NCS and at onshore plants, Aibel AS, Aker Solutions AS, Apply AS, and Wood Group Norway AS are qualified as bidders for upcoming tenders. Maintenance and simple projects for selected NCS installations are allocated to Rosenberg Worley AS (Sleipner and Johan Sverdrup), Head Energy AS (Gullfaks, Oseberg, and Troll), and IKM Gruppen AS (Åsgard and Heidrun). Equinor says the final portfolio distribution will be assigned upon signing, with signing planned for week four, and notes that it last entered into contracts for VEM in 2015.
