Equinor awards NOK 6B subsea contracts
Analysis based on 10 articles · First reported Mar 09, 2018 · Last updated Jul 07, 2026
The contract awards signal continued investment in Norwegian offshore oil and gas, supporting supplier companies and the broader energy sector. The coordinated contracting approach may improve cost efficiency and project timelines, positively impacting Equinor and its partners.
Equinor, on behalf of its partners, has awarded contracts worth approximately NOK 6 billion (USD 600 million) for four subsea projects on the Norway — Norwegian continental shelf: TWIN, Omega Sør, Tyrihans Nord, and Brime. The contracts are part of the first of several planned subsea development waves aimed at accelerating project delivery and reducing costs. TechnipFMC will supply subsea production systems for Brime, Omega Sør, and Tyrihans Nord, and install rigid pipelines on the Troll field, with linepipe from Tenaris. SLB — OneSubsea will deliver the subsea production system for TWIN and umbilicals for all projects. Ocean Installer will handle marine operations, and NOV will supply flexible pipelines for Omega Sør, Tyrihans Nord, and Brime. Only TWIN has been sanctioned by its owners; the other projects are in early phases and subject to partnership and regulatory approvals. The four projects are expected to contribute 130-220 million barrels of oil equivalent to future production. Equinor aims to halve costs and execution time through standardized solutions.
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