Equinor signing strategic collaboration agreement with Aibel

General – Strategic Collaboration

To ensure a close and long-term collaboration, Equinor and Aibel have entered into a strategic collaboration agreement.

The ten-year agreement aims to ensure predictability, which will be important to both parties in times of many great and important opportunities.

For several years Aibel has been one of Equinor’s key collaboration partners. As an example they were awarded the majority of contracts for further development of mature fields on the Norwegian continental shelf (NCS) in 2020 and 2021.

Equinor has contributed to a major share of Aibel’s earnings, and the companies have for several years worked on a joint improvement effort to strengthen safety and efficiency in the projects.

“Equinor has clear ambitions for the energy transition, and we have a high activity level in oil and gas, renewables and low-carbon technologies. Through this strategic collaboration agreement we create security for both parties, giving Aibel an opportunity to get more assignments, while we know that we will be able to deliver our projects with the high quality that Aibel is known for and we depend on to succeed,” says Geir Tungesvik, executive vice president for Projects, Drilling & Procurement.

Aibel has, during the past years, established itself as one of the leading suppliers of offshore converter platforms to be delivered to, i.e., the Dogger Bank A, B and C offshore wind farms in the UK. In addition, Aibel has several times been assigned to perform hook-up of high-voltage systems offshore, such as electrification of Johan Sverdrup and Wisting.

Original Source: https://ocean-energyresources.com/2022/05/14/equinor-signing-strategic-collaboration-agreement-with-aibel/