Equinor strengthening subsea collaboration

09 October 2018

Equinor is signing collaboration agreements with Aker Solutions and TechnipFMC for subsea equipment and services on the Norwegian continental shelf (NCS) and internationally.

For several decades, the subsea segment has been central in developing Equinor and the NCS. Equinor is operating close to 600 subsea wells, which account for a considerable share of the company’s total production. Norwegian supplier industry is in the forefront of subsea technology, development and operation.

During the past years the whole industry has worked systematically on transitions, aiming to achieve profitable and safe operations. The improvement effort throughout the industry has enabled Equinor to sanction projects that previously could not have been realised.

In 2017, Equinor and its partners sanctioned projects for more than NOK 90bn on the NCS. Subsea procurements for the Johan Castberg, Snorre Expansion, Askeladd and Troll phase 3 projects accounted for a third of the global market last year.

In December 2017 Equinor entered into several framework agreements with TechnipFMC and Aker Solutions for delivery of subsea equipment and services. Through the new collaboration agreements now entered into the parties are establishing a framework to ensure continuous improvements.

Two separate agreements have been signed with identical objectives. The work will focus on improvements in safety, quality, cost and technology from concept through project execution and subsea operations services.