Wood has been awarded an extension to its existing framework agreement with international energy company, Equinor, to support their offshore assets in the Norwegian Continental Shelf.

With the agreement extending through to Q1 2023, Wood will work with Equinor to drive down costs, increase efficiency, and improve sustainability across the company’s Snorre A, Snorre B, Visund, Grane, and Martin Linge platforms.

While ensuring reliable and safe production, Wood will tap into its global decarbonisation expertise to identify and implement solutions that will play a key role in optimising energy consumption and reducing carbon emissions across the assets, supporting Equinor on their journey towards a more sustainable, integrated energy future.

Craig Shanaghey, Wood’s President for Operations in Europe, Middle East and Africa, said: “We are delighted to continue to strengthen and grow our global relationship with Equinor, particularly as we work together to deliver safe and competitive solutions for offshore conventional assets, while seeking opportunities to accelerate the journey to net-zero carbon emissions.

“Securing this extension is testament to the strong performance of the Wood teams and solidifies our position as a leading provider of integrated offshore solutions in the Norwegian Continental Shelf.”

The contract extension will be delivered by Wood’s existing teams in Norway, with the support of the company’s global expertise.

About Wood

Wood is a global leader in the delivery of project, engineering and technical services to energy and industrial markets. We operate in more than 60 countries, employing around 55,000 people, with revenues of over $11 billion. We provide performance-driven solutions throughout the asset life-cycle, from concept to decommissioning across a broad range of industrial markets including the upstream, midstream and downstream oil & gas, chemicals, environment and infrastructure, power & process, clean energy, mining and general industrial sectors.

About Equinor

Equinor (OSE:EQNR, NYSE:EQNR), is an international energy company with a proud history. Formerly Statoil, we are 20,000 committed colleagues developing oil, gas, wind and solar energy in more than 30 countries worldwide. We’re the largest operator in Norway, among the world’s largest offshore operators, and a growing force in renewables. Driven by our Nordic urge to explore beyond the horizon, and our dedication to safety, equality and sustainability, we’re building a global business on our values and the energy needs of the future.