Swedish firm Coor has secured an extension to its contract for offshore facility management from Norwegian oil and gas firm Equinor.

Coor said the three-year extension is part of an option on its March 2015 contract, which Equinor has now used.

Since 2015, Coor has delivered facility management services to five Statfjord and Snorre oil platforms.

The Statfjord field is the largest oilfield in the Norwegian Continental Shelf (NCS). It lies in blocks 33/9 and 33/12 of production licence (PL) 037 in the NWC, and block 211/25 of PLs 104 and 293 in the UK North Sea.

Meanwhile, the Snorre field is located in blocks 34/4 and 34/7 of the Tampen area, about 200km west of Florø in the Norwegian North Sea.

The agreement is valued at SEK200m ($19.8m) per each year and the latest extension will be effective from July this year.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Coor president and CEO Mikael Stöhr said: “The offshore delivery is an exciting contract that focuses on health and safety in an environment different from our other contracts. The fact that Equinor has now chosen to extend the agreement confirms our position as the market leader in IFM in Norway and the Nordic region as a whole.”

In January this year, Equinor and its partners approved plans to extend production from Statfjord field until 2040.