Norwegian oil and gas multinational Equinor has awarded framework agreements for safety and automation systems worth $554m (NOK 5bn) with five suppliers.

The agreements cover the operation of Equinor’s installations on the Norwegian Continental Shelf and associated onshore plants in Norway, and may also be used for new development projects or for the company’s international activities.

Equinor chief procurement officer Peggy Krantz-Underland said: “We are pleased to sign new agreements with all our suppliers of safety and control systems.

“The agreements include a new compensation format that rewards safe and effective deliveries, aiming for closer collaboration and smarter maintenance and modifications. If we jointly succeed in reducing our total costs, it will benefit everyone involved in the effort.”

Technology suppliers Kongsberg Marine, Siemens , ABB, Honeywell and Emerson will provide services over a five-year fixed period, with three additional five-year options depending on the lifetime of each installation.

The agreements cover more than 500 jobs and involve daily operation and maintenance of Equinor’s safety and automation systems. This includes cybersecurity services, which according to Equinor is becoming an increasingly important part of the work scope.

Equinor vice-president for the technical multifield centre of operations technology in Development and Production Norway Frode Abotnes said: “Safety and automation systems are central for us to be able to work safely on the NCS . They will help us meet our safety requirements and transform the NCS for continued high-value creation and low emissions during the next decades.

“To achieve this, we need to strengthen our competitiveness and collaborate efficiently with our suppliers. We will spend the first two years of these agreements on establishing a standard for how to solve the tasks.

“The deliveries that are most effective and help reduce our costs will be rewarded. We want this to be a win-win situation for both us and the suppliers.”