Equinor signs offshore collaboration deals with Aker and TechnipFMC

28 September 2018 (Last Updated September 28th, 2018 10:45)

Norwegian energy company Equinor has signed offshore collaboration agreements with Aker Solutions and TechnipFMC for subsea equipment and services on the Norwegian continental shelf (NCS) and globally.

Equinor signs offshore collaboration deals with Aker and TechnipFMC
TechnipFMC CEO Doug Pferdehirt (left), Equinor SVP Torger Rød, Equinor EVP Margareth Øvrum, Equinor SVP Kjetil Hove, and Aker Solutions CEO Luis Araujo. Credit: Equinor ASA

Norwegian energy company Equinor has signed offshore collaboration agreements with Aker Solutions and TechnipFMC for subsea equipment and services on the Norwegian continental shelf (NCS) and globally.

Under the agreement, Aker and Equinor will ensure mutual and continuous improvement on current and future subsea projects considering safety, quality, technology, execution, and cost.

Aker Solutions in collaboration with Equinor developed subsea production system with vertical trees and associated tools that are more efficient and help to reduce life-cycle costs. Equinor will deploy this technology on the Johan Castberg field and use trees of the same design on its Troll and Askeladd fields offshore Norway.

Equinor has also signed a strategic collaboration agreement with TechnipFMC. The deal will see the two firms team up on developing Equinor’s offshore projects globally and includes the complete scope of TechnipFMC products and services, right from the early phases, through project execution, including installation and subsea operations services.

Equinor technology, projects and drilling executive vice president Margareth Øvrum said: “We are building on many years of good cooperation with two world-leading suppliers in the subsea segment.

"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."

“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.”

The subsea sector has been a core aspect in developing Equinor and the NCS for several decades. Equinor operates nearly 600 subsea wells, which represent a significant share of the company’s total production.

According to Equinor, the improvement effort across the industry over the past few years enabled it to approve projects that previously could not have been achieved. Equinor and its partners sanctioned projects for more than Nkr90bn ($11.07bn) on the NCS, last year.

Subsea procurements for the Johan Castberg, Snorre Expansion, Askeladd, and Troll Phase 3 projects represented a one-third share in the global market in 2017.

In December 2017, Equinor signed a number of framework agreements with TechnipFMC and Aker Solutions for the delivery of subsea equipment and services.

Through the new offshore collaboration agreements, a framework is being established to ensure continuous improvements.