Receive our newsletter – data, insights and analysis delivered to you
  1. News
June 16, 2021

Equinor extends framework agreement with Wood for Norwegian assets

Wood will finalise and implement solutions that would optimise energy consumption and slash the assets’ carbon emissions.

By Archana Rani

Engineering services company Wood has secured an extension for an existing framework agreement to support Equinor’s offshore assets in the Norwegian Continental Shelf.

Under the agreement, Wood will provide services for the Snorre A, Snorre B, Visund, Grane, and Martin Linge platforms with an aim to reduce costs, increase efficiency, and improve sustainability.

The agreement has been extended until the first quarter of 2023.

Be leveraging global decarbonisation expertise, Wood will identify and implement solutions that would help in optimising energy consumption and reduce the assets’ carbon emissions.

Wood Europe, Middle East and Africa operations president Craig Shanaghey said: “We are delighted to continue to strengthen and grow our global relationship with Equinor, particularly as we work together to deliver safe and competitive solutions for offshore conventional assets while seeking opportunities to accelerate the journey to net-zero carbon emissions.

“Securing this extension is testament to the strong performance of the Wood teams and solidifies our position as a leading provider of integrated offshore solutions in the Norwegian Continental Shelf.”

Content from our partners
Green investment: What gives Scotland multiple advantages
How the North of Tyne region is leveraging its legacy to define its future
Q&A with Chevron Lubricants’ Paul Sly, global industrial OEM specialist, and Nathan Knotts, global brand technical manager

Services under the contract extension are planned to be delivered by Wood’s teams in Norway.

Last year, Wood received a three-year contract to support Equinor’s operations at the Mariner field in the UK North Sea.

The contract includes support for operations, maintenance, modifications and other offshore services on the Mariner A platform and Mariner B floating production storage and offloading (FPSO) vessel.

In 2019, Equinor awarded an engineering, procurement, construction, and installation contract to Wood to boost production from Vigdis subsea field in the Tampen area on Block 34/7 in the Norwegian North Sea.

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Friday. The industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU