Equinor awards $530.6m electrical support contracts to ABB, Siemens
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Equinor awards $530.6m electrical support contracts to ABB and Siemens

08 Apr 2021 (Last Updated April 8th, 2021 11:48)

Equinor has awarded ABB and Siemens Energy contracts to provide electrical equipment services on all its assets located on the Norwegian continental shelf (NCS).

Equinor awards $530.6m electrical support contracts to ABB and Siemens
The Troll A platform in the North Sea. Credit: Øyvind Gravås and Even Kleppa / Equinor ASA.

Equinor has awarded ABB and Siemens Energy contracts to provide electrical equipment services on all its assets located on the Norwegian continental shelf (NCS).

The agreements, which have a combined value of Nkr4.5bn ($530.6m), include electrical equipment services for Equinor’s onshore plants in Norway.

Under the framework agreements, ABB and Siemens will provide operation, maintenance, modification, and upgrade of the electrical equipment on Equinor’s onshore and offshore facilities.

Additionally, the two firms will deliver front-end engineering and design (FEED), as well as engineering, procurement, construction, and installation (EPCI) for new electrical projects.

Equinor chief procurement officer Peggy Krantz-Underland said: “The contracts will be a key enabler to ensure safe and sustainable operation and maintenance of our offshore and onshore facilities. They will also contribute to sustain important jobs in Norway for the supplier companies.”

Equinor said that the eight-year agreements have options and can be applied to its global operations.

The agreement with Siemens Energy also includes three options for a four-year period.

Equinor operations technology senior vice-president Gunnar Nakken said: “We anticipate an increased use of electrical equipment on the NCS, thereby replacing the need for fuel-driven engines. This will give us increased flexibility to use different power sources, and contribute to CO₂ emission reductions.”

On the NCS, Equinor operates 40 assets with fixed and floating installations.

Last month, Equinor and partners announced oil discovery in the Blasto prospect located near the Fram and Troll fields in the Norwegian North Sea.

According to preliminary estimates, the discovery holds between 12 and 19 million standard cubic metres of recoverable oil equivalent. This corresponds to 75-120 million barrels of recoverable oil equivalent.