Saipem SpA signed a two-year frame agreement with Equinor SA covering engineering services worldwide, the Italian multinational oilfield services company said May 26.
“This new agreement with Equinor, a leading player in the energy industry, consolidates a long and successful relationship and co-operation,” Francesco Racheli, COO of Saipem’s E&C Offshore Division, said in a statement.
Saipem has been collaborating with Norway’s Equinor for over a decade backed by frame agreements, namely those regarding transportation and installation as well as subsea construction works.
For example, in October 2019, Saipem signed a subsea service contract with Equinor, which entails the use of Saipem’s underwater intervention drone Hydrone-R and the all-electric Work Class ROV Hydrone-W in the Njord Field development. More recently, Saipem and Equinor have signed a cooperation agreement to develop an innovative technological solution for a solar panel floating park for near coastal installations.
In particular, Racheli noted Equinor’s leadership in the energy transition movement. In February, the international energy company announced plans to reduce its net carbon intensity by at least 50% by 2050, including emissions from the use of its products, also known as Scope 3 emissions.
“Our solutions in the renewable energy sector will allow us to accompany Equinor on its energy transition journey, supporting them with our technologies and highly qualified expertise,” he added in his statement.
The frame agreement on May 26 encompasses feasibility and conceptual studies, FEED, detailed engineering and related follow-on and support for R&D activities, as well as assistance to Equinor for its upcoming projects, including new energy-related projects in the onshore, offshore and floating wind sectors.
The scope of the frame agreement extends, but is not limited, to offshore trunklines including landfalls and flowlines, onshore pipelines, components, subsea structures, field layout and routing design for products such as umbilicals, cables, static flexibles and power cables, according to the company release by Saipem.
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