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Extended relationship

The contract extension, valued at around $170 million, continues an existing multi-asset framework agreement with Equinor, which was initially awarded in 2015 and will now extend through to 2026.

Wood will work with Equinor to ensure reliable, safe, and responsible operations across the company’s Snorre A, Snorre B, Grane, Visund and Martin Linge assets, while improving efficiency and evaluating opportunities to decarbonize production.

Craig Shanaghey, Wood’s President of Operations across Europe, Middle East and Africa, said: “Over the past 20 years or so, we have had the opportunity to work with Equinor across a multitude of their onshore and offshore assets …It is exciting to have the opportunity to continue to strengthen our relationship and leverage our global capabilities to drive down production costs, reduce the carbon intensity of operations, and evaluate the role these assets can play in the journey towards a net-zero future.”

Lars Fredrik Bakke, Wood’s Vice President of Norway Operations, added: “Our relationship with Equinor is a real pride point in our portfolio and I am energised by the opportunity to continue to build on our collective success to date.

“With more than 400 Wood employees supporting the operations of these assets, this three-year extension provides job security as well as further opportunities to increase the efficiency and productivity of these important assets.”

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