A new compensation format will help improve efficiency as Equinor awards new framework agreements for safety and automation systems with five suppliers.
The framework agreements cover the operation of all the company’s installations on the Norwegian continental shelf (NCS) and onshore plants in Norway. They may also be used by the company’s international activities and for new development projects.
The total value of the five-year fixed period of the agreement is estimated at just above NOK 5bn. Three five-year options are additional, depending on the lifetime of each installation. The agreements cover more than 500 jobs.
The safety and automation systems on the installations are the brain of the plants. The agreements cover daily operations and ensure continuous maintenance, modifications, and upgrading. Cybersecurity is also becoming an increasingly important part of the work scope.
