Equinor Awards $10B in Maintenance Contracts to Supplier Companies

Key Takeaways EQNR awards a NOK100B, five-year maintenance and modification contract for its assets starting in 1H26.EQNR states ageing NCS assets need upgrades to support production and energy supply to Europe by 2035.EQNR expects 4,000 man-years of work, with suppliers supporting long-term efficiency and production goals.Equinor ASA (EQNR) awarded a contract worth around NOK 100 billion ($9.9 billion) to seven supplier companies for maintenance and modification of its offshore installations and onshore pl ...