Equinor has awarded a contract for services within insulation, scaffolding and surface treatment (ISO) on the Johan Sverdrup field to Kaefer Energy AS on May 21.
Awarded under an already existing framework agreement for operations, the contract has an estimated value of more than NOK 700 million (about US$80 million). This includes both ordinary operations and maintenance work, and work associated with Phase 2 of the project.
Equinor said Kaefer Energy AS was selected as an ISO supplier based on high-quality performance under the existing framework agreement, combined with their competitiveness.
The delivery will cover all the five Johan Sverdrup installations, and in addition to ISO maintenance will also include completion work related to phasing in of the project phase 2. The Johan Sverdrup field comes as an addition to the offshore maintenance portfolio KAEFER Energy already cares for Equinor; the fields Troll, Åsgard and Kristin.
“We are incredibly happy today,” Bård Bjørshol, Kaefer CEO, said. “This is a strategically very important assignment for KAEFER Energy, and a proof that Equinor recognizes our efforts and the results we achieve.”
Recommended Reading
Chart: Elizabeth Warren’s Frac Attack
RBC Capital Markets put out a new report titled "The Aftermath of a Frac Ban." This table from the report shows companies with meaningful exposure to federal acreage.
New Jersey Denies Permit For PennEast Natgas Pipeline
The decision followed a ruling by a U.S. appeals court in September that barred PennEast from using federal law to seize properties controlled by New Jersey to build the project.
Hundreds Of Algerians Protest Against Proposed Energy Law
Hundreds of Algerians protested in front of parliament on Oct. 13 against proposed changes to the energy law that they say the caretaker government has no right to pass.