Equinor, Aibel Ink 10-Year Strategic Collaboration Agreement

Equinor, Aibel Ink 10-Year Strategic Collaboration Agreement
Mette H. Ottøy (left), chief procurement officer (Equinor), Geir Tungesvik, executive vice president for Projects, Drilling & Procurement (Equinor), Mads Andersen, CEO of Aibel, and Nils Arne Sølvik, executive vice president Modifications and Yard Services (Aibel). (Photo: Kjetil Eide) Image courtesy of Equinor

Equinor and Aibel have entered into a ten-year strategic collaboration agreement that ensures a close and long-term collaboration, which is vital to both parties in times of many opportunities.

Equinor has been collaborating with Aibel for several years. As an example, they were awarded most of the contracts to develop mature fields on the Norwegian continental shelf (NCS) in 2020 and 2021. Aibel’s earnings are largely dependent on Equinor, and the two companies have worked together for several years to improve safety and efficiency.

As Equinor’s main maintenance and modification supplier on offshore and onshore installations, Aibel is the company’s key supplier. Recently, the framework agreement with Aibel for these services was extended through March 2026. Aibel CEO, Mads Andersen, believes the new collaboration agreement is an important step forward in the companies’ joint improvement agenda, not least in terms of safety. At the same time, he is proud of Aibel for being the first company to sign such a strategic agreement with Equinor.

“Aibel and Equinor have for a long time had a close and good collaboration on the NCS, and the new collaboration agreement forms the basis for a long-term continuation of this relationship. The agreement offers Aibel predictability and a better foundation for long-term planning and competence development with less vulnerability to market fluctuations. I am therefore convinced that the agreement will contribute to better, safer and not least more cost-effective deliveries benefitting both parties.”

As part of their ongoing efforts, companies will continue to look for ways to standardize and simplify offshore wind and electrification of oil and gas installations. All Equinor and Aibel activities are focused on raising awareness of climate change in the fabrication phase and supply chain and reducing emissions. A long-term objective for both companies is to expand their activities in North Norway.

 

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