Norway’s state-owned energy major Equinor has awarded a series of multibillion-dollar framework agreements to seven Norwegian supplier companies, marking one of the largest contract rounds in the company’s history. The agreements, with a combined value of around NOK 100 billion (approximately $9.9 billion), have been shared among Aibel, Aker Solutions, Wood, Rosenberg Worley, Head Energy, Apply, and IKM Gruppen.
The 12 new framework agreements, covering maintenance and modification work on Equinor’s offshore installations and onshore plants, will run for five years from the first half of 2026, with options to extend by an additional three and two years. Equinor said the contracts are designed to provide long-term predictability and stimulate activity across Norway’s supplier industry.
The agreements are also expected to underpin safe, efficient, and competitive operations as Equinor maintains production levels on the Norwegian Continental Shelf (NCS). Three of the selected companies are new entrants to Equinor’s maintenance and modification portfolio.
Supporting Long-Term Production and Investment Plans
Equinor aims to sustain production of around 1.2 million barrels of oil equivalent per day on the NCS through to 2035. To support this ambition, the company plans to invest NOK 60–70 billion annually in increased recovery projects and new field developments.
Planned activity includes drilling around 250 exploration wells and 600 wells for increased recovery, carrying out 300 well interventions per year, and completing roughly 2,500 modification projects. Equinor also expects to mature and develop more than 75 subsea tie-back projects linked to existing infrastructure.
Alongside production goals, Equinor is targeting a near-50% reduction in greenhouse gas emissions by 2030, compared with 2015 levels, while continuing to deliver stable energy supplies to Europe.
Contract Allocation Across Offshore and Onshore Assets
For offshore installations on the NCS, Aibel was awarded maintenance and modification work for assets including Sleipner, Oseberg, Martin Linge, Johan Castberg, and Snøhvit. Aker Solutions will cover major installations such as Johan Sverdrup, Troll, Åsgard, and Heidrun, while Wood Group Norway was selected for Snorre.
Onshore facilities will be supported by Aibel, which will handle Hammerfest LNG, Mongstad, Kårstø, and Tjeldbergodden, and Aker Solutions, which will cover the Øygarden facilities at Kollsnes and Sture. Several suppliers, including Aibel, Aker Solutions, Apply, and Wood, have also been qualified for future large-scale modification projects.
For maintenance and smaller projects on selected offshore installations, Equinor selected Rosenberg Worley, Head Energy, and IKM Gruppen, with final portfolio distribution to be confirmed when contracts are signed.
Industry Impact and Supplier Collaboration
Kjetil Hove, Equinor’s Executive Vice President for the Norwegian Continental Shelf, said the agreements support long-term collaboration as the shelf enters a more mature phase, requiring new solutions and more efficient ways of working.
Equinor’s Chief Procurement Officer, Jannicke Nilsson, described the framework agreements as strategically critical, estimating they will generate around 4,000 man-years of work across the supplier base. She added that the contracts are designed to strengthen safety culture, competitiveness, and the adoption of new technology across Equinor’s operations.