Equinor has awarded Norwegian engineering company Apply a framework agreement for engineering and installation services on the Statfjord field in the Norwegian part of the North Sea.
As part of the agreement, the two parties will collaborate in new ways while carrying out the work on Statfjord in a safe and efficient manner.
The agreement also covers overhaul, replacement and modification deliveries on the three Statfjord platforms.
Equinor noted that the agreement, which is valid for a period of seven years, plus a three-year option, will be effective from 1 September this year.
Equinor Field Life eXtension senior vice-president Kjetil Hove said: “Our ambition is to become a leading late-life operator on the Norwegian continental shelf. In order to succeed, we must apply new working methods to reduce costs.
“This will create opportunities for new investments in late-life fields, so that we can extract the last resources in a profitable way and with low carbon emissions.”
Equinor owns and operates 44.33% of the Statfjord field. Other partners include Spirit Energy Norway (34.29%) and Vår Energi (21.36%).
Equinor chief procurement officer Peggy Krantz-Underland said: “With this award, we are establishing a closer collaboration with the supplier. Together we will drive simplification and standardisation to perform the work safely and cost-effectively.
“We will also involve sub-suppliers early to achieve optimal solutions and common value creation. If we are to succeed on FLX’s ambitions, we must radically change the way we work together.”
In January this year, Equinor and its partners approved plans to extend production from Statfjord oil and gas field until 2040.