Equinor has let two 5-year framework agreements for maintenance and modifications (M&M) services to Wood for installations on the Norwegian Continental Shelf (NCS) and the associated onshore plants.
Wood will provide M&M services on Snorre A and B platforms. Wood has supported these assets with maintenance, repair, and modifications since 2016.
Additionally, Wood is a qualified bidder for upcoming tenders for large modifications projects at offshore installations on the NCS and onshore plants, which will focus on extending asset life, improving production, and reducing climate and environmental footprints.
Equinor can extend the contracts for a further 3 years, with a possible 2-year extension after that, for a total of 10 years.
The Snorre Export and Import Gas Project (SNEIG) project in the North Sea aims to extend the production life of Snorre oil and gas field, originally discovered in 1979 and operational since 1992, beyond 2040. The field spans blocks 34/4 and 34/7 in the Tampen area of the Norwegian North Sea in 300–350 m of water. Existing infrastructure includes Snorre A and Snorre B platforms and an extensive underwater production system.
The award is part of a group of 12 framework agreements signed by Equinor to a total of 7 supplier companies with a total value of around NOK 100 billion. The framework agreements are for maintenance and modifications on the company’s offshore installations and onshore plants, and are all set to begin in this year's first half.
