Equinor wins six contracts to support offshore operations

MOSCOW, 14 Oct – PRIME. Equinor has signed six contracts for three years with five shipowners totaling more than 2.5 billion kroner, or $235 million, the ships will support the company’s activities on the continental shelf, the Norwegian company said.

“Six contracts have been signed with five shipowners for a total amount of more than NOK 2.5 billion (about $235 million – ed.), including options … The contracts will enter into force before the end of 2022, have a three-year fixed term and three one-year options. Vessels will support Equinor’s operations on the Norwegian continental shelf.

It is specified that contracts were signed with Simon Mokster Shipping AS, Island Offshore Management AS, Eidesvik AS, Remoy Shipping AS and P/F Skansi Offshore. They will operate six platform supply vessels.

In addition, Equinor extended a four-year contract with Island Offshore Shipholding LP for the Island Clipper. In the past, it served the Oseberg field, and is currently planned to work at the Hywind Tampen offshore wind farm in the North Sea.

As part of the agreement, the companies will also look to modify the Island Crusader and Kongsborg to run on ammonia. This will be done through two separate projects involving a number of sub-suppliers from the maritime industry. The overall goal is to reduce carbon dioxide emissions into the atmosphere by 90% by using ammonia as a fuel. All six ships have either already installed or will have batteries for hybrid engines installed.

The energy group Equinor was founded in 1972, until May 2018 it was called Statoil. The company operates in more than 30 countries. The largest shareholder is Norway.