Core Points - Equinor has extended its agreement with Subsea7 for subsea inspection, maintenance, and repair (IMR) services for the Seven Viking vessel, which supports operations at oil and gas wells across the Norwegian Continental Shelf [1][2] - The contract extension allows the Seven Viking vessel to operate in the region until the end of 2027, with a value between $50 million and $150 million [2] - Equinor has finalized a contract with Odfjell Drilling for the use of the Deepsea Aberdeen rig, covering drilling operations on the Norwegian Continental Shelf [3][4] - The Odfjell contract is expected to add approximately $373 million to the company's firm order backlog, excluding additional services and bonuses [5] - Equinor has also extended its contract with DeepOcean for subsea IMR services, maintaining support through 2026 and into 2027 [6]

Core Insights - Subsea 7 S.A. has received a significant extension of an existing frame agreement from Equinor for subsea inspection, maintenance, and repair services for the vessel Seven Viking, which will last until the end of 2027 [1][2] - The extension allows Seven Viking to perform IMR services for Equinor's oil and gas wells located on the Norwegian Continental Shelf, with project management and engineering work continuing from Subsea 7's Stavanger office [2][3] - Erik Femsteinevik, VP of Subsea 7 Norway, expressed appreciation for Equinor's decision to extend the IMR contract, emphasizing the commitment to support safe and efficient operations [3] Company Overview - Subsea 7 is recognized as a global leader in delivering offshore projects and services, focusing on creating sustainable value and being a preferred partner in the energy industry [3]