Equinor awards over $9 billion in long-term contracts to Norwegian suppliers
Equinor has awarded a series of long-term framework agreements to seven supplier companies, committing roughly NOK 100 billion ($9+ billion) to maintenance, modifications and large project work across its offshore installations and onshore plants in Norway.
The twelve new framework agreements, which begin in the first half of 2026, have a five-year duration with extension options of three and two years. Equinor said the contracts carry a combined annual value of about NOK 10 billion and are among the largest framework agreements the company has awarded, providing long-term visibility for the Norwegian supplier industry.
The contracts are designed to support continued high production levels on the Norwegian Continental Shelf (NCS), which Equinor expects to remain the backbone of its portfolio well into the next decade. The company aims to sustain production near 1.2 MMboed through 2035, even as the shelf enters a more mature phase requiring higher levels of maintenance, modification and recovery work.
Equinor plans to invest NOK 60–70 billion per year in increased recovery and new field developments on the NCS, drill roughly 250 exploration wells and 600 recovery wells, conduct about 300 well interventions annually, and execute approximately 2,500 modification projects. The strategy also includes maturing more than 75 subsea tie-back developments to existing infrastructure.
The framework agreements cover maintenance and modification work on major offshore fields including Johan Sverdrup, Troll, Åsgard, Heidrun, Gullfaks, Oseberg, Snøhvit and Johan Castberg, as well as key onshore facilities such as Hammerfest LNG, Mongstad, Kårstø and Kollsnes. Three of the seven suppliers are new entrants to Equinor’s maintenance and modification portfolio.
Equinor estimates the agreements will generate roughly 4,000 man-years of employment across the supplier base and support efforts to improve safety, operational efficiency and emissions performance. The contracts are expected to be formally signed in late January, with final portfolio allocations to be confirmed at that time.
