Equinor said in a statement that it awarded offshore and onshore framework agreements to seven Norwegian companies with a total value of around 100 billion Norwegian krone ($9.87 billion).
Aibel has been awarded long-term framework agreements for maintenance and modifications at several of Equinor’s onshore facilities and offshore installations.
The contracts have a fixed duration of five years, with options for extension for an additional three and two years, while the value is estimated at 20 billion Norwegian krone for the fixed period, Aibel said in a separate statement.
Under these contracts, Aibel will continue ongoing work at Hammerfest LNG facilities, where it already holds contracts for maintenance and modifications services.
Aibel said that the final portfolio allocation will be confirmed when the contracts are signed, scheduled for week four.
Hammerfest upgrade
In February 2023, Equinor and its partners in the Hammerfest LNG export plant awarded a major contract to Aibel to upgrade the liquefaction facility located on Melkoya island.
The EPCI contract involves engineering, procurement, construction, and installation of two new processing modules related to the onshore compression and electrification of the Melkoya plant.
Also, the Norway-based firm will build a new receiving station for power from shore and carry out integration work at the plant.
Equinor recently announced that Snohvit Future project, which involves upgrading the Hammerfest LNG export facility, had been delayed by one year and its costs have increased further from the original estimates.
The Norwegian firm and its partners said in December 2022 that they would invest 13.2 billion Norwegian krone ($1.3 billion) to upgrade the facility.
Equinor said in a statement on Tuesday that the project had been postponed compared to the original plan and cost estimates have increased by approximately 4 billion Norwegian krone ($396.6 million) since 2024.
The cost estimate for the project is now more than 20 billion Norwegian krone ($1.98 billion).
When the PDO was submitted to the authorities in 2022, the original cost estimate was 13.2 billion Norwegian krone.
Adjusted for inflation, this corresponds to 14.7 billion Norwegian krone, Equinor said.
