Subsea7 announced the award of a contract by Equinor for a front-end engineering and design (FEED) study with EPCI(1) option for the Fram Sør development project, offshore Norway.

The study will finalise the technical definition of the proposed subsea development prior to Equinor and its partners making the final investment decision. Work will begin immediately in our offices in Norway and UK.

If the EPCI option is exercised, any resulting subsea structures, umbilicals, risers and flowlines (SURF) installation scope would be a direct, substantial(2) award to Subsea7. Offshore installation activities associated with this contract would be scheduled for 2026, 2027 and 2028.

The Fram Sør area is located 10-30 kilometres north of the Equinor-operated Troll C platform, approximately 70 kilometres north-west of Bergen. The development will be connected to the existing Fram and Troll C infrastructure.

Erik Femsteinevik, Vice President for Subsea 7 Norway said: “This award continues our long-standing collaboration with Equinor. The study enables Subsea7 to engage early in the field development process, optimising design solutions and contributing to the final investment decision. We look forward to working closely with Equinor to unlock the value in Fram Sør”.

(1) Engineering, procurement, construction and installation
(2) Subsea7 defines a substantial contract as being between $150 million and $300 million

About Subsea7

Subsea7 is a global leader in the delivery of offshore projects and services for the energy industry.
Subsea7 makes offshore energy transition possible through the continuous evolution of lower-carbon oil and gas and by enabling the growth of renewables and emerging energy.

About Equinor

Equinor is an international energy company committed to long-term value creation in a low-carbon future.
Our purpose is to turn natural resources into energy for people and progress for society. Equinor’s portfolio of projects encompasses oil and gas, renewables and low-carbon solutions, with an ambition of becoming a net-zero energy company by 2050. Headquartered in Stavanger (Norway), Equinor is the leading operator on the Norwegian continental shelf. We are present in around 30 countries worldwide.