Group 1 - Equinor ASA (EQNR) has awarded a contract valued at approximately NOK 100 billion ($9.9 billion) for maintenance and modification of its offshore installations and onshore plants, effective in the first half of 2026 [2][9] - The Norwegian Continental Shelf (NCS) will continue to be EQNR's primary energy production source, requiring maintenance and upgrades to reduce costs due to its aging infrastructure, with a goal of maintaining daily production of 1.2 million barrels of oil and gas until at least 2035 [3][9] - EQNR plans to invest around NOK 60-70 billion annually, drill 250 exploration wells, and enhance production from 600 active wells to support its production goals [4] Group 2 - The contract is expected to generate 4,000 man-years of work, with a focus on long-term partnerships with Norwegian suppliers to improve efficiency [4][5] - EQNR will conduct annual repairs and maintenance on 300 wells, modify 2,500 projects, and develop over 75 subsea projects connected to existing platforms and pipelines [5] - The maintenance and upgrade work will enhance cash flow predictability for EQNR, although the upstream business faces pressure due to low crude prices, with predictions of further declines [6]