Aibel has received a contract from Equinor to perform maintenance and modifications (M&M) for the Johan Castberg field in the Barents Sea, offshore Norway.
The contract will be effective from next month and valid until February 2026. It has an estimated annual value of about NKr100m ($9.13m).
The company will perform the contract work including project management, engineering and relevant support functions from its office in Harstad, Norway.
Under the contract agreement, Aibel will recruit its offshore staff from north Norway for the Johan Castberg, Norne and Aasta Hansteen fields.
The company will also identify areas of supply from north Norway to other parts of the country and engage more north Norwegian subcontractors.
Aibel M&M FA vice-president John Inge Førland said: “The agreement is a recognition and continuation of the good work we have done for several years in close cooperation with Equinor in northern Norway.
“At the same time, the agreement forms a solid basis for our overall commitment in the North and our growth ambitions for our organisations in both Harstad and Hammerfest.
“In just a few years, we want to more than double the number of employees here to around 250 people.”
The M&M agreement adds to the existing framework agreement between Aibel and Equinor for multiple fields on the Norwegian Continental Shelf, including the Norne and Aasta Hansteen fields.
Aibel entered into a ten-year strategic cooperation agreement with Equinor in May last year to ensure long-term collaboration.
Located about 100km north of the Equinor-operated Snøhvit field, the Johan Castberg field comprises three oil discoveries, namely Havis, Skrugard, and Drivis.
Production from the Johan Castberg field is expected to start in the fourth quarter of next year, with a projected life of 30 years.