Equinor awards TechnipFMC with EUR 166 million in contracts
PRESS RELEASE – Equinor has awarded TechnipFMC with several large pipelaying and subsea installation projects on the Norwegian continental shelf (NCS). The companies signed two firm contracts for the Breidablikk and Snorre Expansion projects and letter of intent for the Askeladd Vest project. The total value of the contracts is 166 million euros.
The scope of the assignments includes fabrication and laying of pipelines, installation of subsea structures, control cables and hook-up and testing of systems. The offshore operations under the contracts are planned to be carried out during 2021-2023.
The awards contribute to sustaining important workplaces for TechnipFMC in Norway, including the Orkanger spoolbase, where the pipelines will be fabricated before they are reeled onto the installation vessel. The awards are also expected to generate additional work through further sub-contracting to other companies.
“We are pleased to award TechnipFMC new large assignments within pipelaying and subsea installation on the Norwegian Continental Shelf. Giving three assignments to the same supplier enables efficiency gains and cost savings. It will also allow for a coordinated follow-up of the total delivery during the implementation phase. This creates value for all parties”, says Peggy Krantz-Underland, Equinor’s chief procurement officer.
She added: “In a challenging period for the industry, we aim to continue realizing the full potential of our Norwegian project portfolio. This must be carried out in close cooperation with our suppliers to ensure that we create value and activity in Norway. It will help sustain jobs in the supply industry and further develop the important competence the industry has built up.”
The contract award for Breidablikk is subject to a final investment decision and final regulatory approval. The letter of intent for Askeladd Vest is subject to a final investment decision.