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Equinor strengthens ties with two major contractors

Equinor has signed agreements with Aker Solutions and TechnipFMC for the provision of subsea equipment and services both in Norway and internationally.

At present Equinor operates nearly 600 subsea wells, which account for a large percentage of the company’s total production.

“Together with TechnipFMC and Aker Solutions we aim to further develop current solutions and keep up the pressure on continuous improvements that enables future profitable projects,” said Margareth Øvrum, the company’s executive vice president for Technology, Projects & Drilling.

Collaborative improvement efforts over the past few years have helped Equinor sanction projects that might otherwise not have gone ahead.

Last year the company and its partners approved Norwegian projects with a total cost of more than NOK90 billion ($11.1 billion), with subsea procurements for the Johan Castberg, Snorre Expansion, Askeladd, and Troll Phase 3 developments accounting for one-third of the global market last year, Equinor claimed.

Last December it entered various framework agreements with TechnipFMC and Aker Solutions for delivery of subsea equipment and services.

The new arrangements should provide the predictability needed for the company to deliver improvements and remain competitive in future, said Peggy Krantz-Underland, senior vice president for procurement and supplier relations.

In both cases, the focus will be on improving safety, quality, cost and technology from concept through project execution and subsea operations services.

TechnipFMC said its agreement covered the full scope of its products and services, from early phase, through project execution, including installation and subsea operations services.

It also builds on TechnipFMC’s recent iEPCI (integrated EPCI) delivery of subsea equipment and services for Equinor’s Trestakk and Visund Nord projects.

Aker Solutions’ newest subsea production system with vertical trees and associated tools, developed in collaboration with Equinor, were designed to be more efficient and to reduce life-cycle costs.

The equipment is smaller and lighter than previous versions and is now said to have become Equinor’s standard solution. It will adopt the technology on the Johan Castberg field in the Barents Sea and use trees of the same design on its Troll and Askeladd field developments.

Other Norwegian sector operators have commissioned the new trees, such as Aker BP for the Ærfugl development.

Published: 27-09-2018

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