EQNR Equinor ASA

By Dominic Chopping

Oil-and-gas major Equinor ASA said Thursday that it has awarded contracts worth a total of 640 million Norwegian kroner ($74.4 million) to Subsea 7 S.A. and Aibel A/S for work on the Northern Lights carbon-capture and storage project in Norway.

Subsea 7's contract--valued at around NOK500 million--is for engineering, procurement, construction and installation and will see it lay pipe and subsea installations.

Planning of the work will start immediately, and the main offshore operations are scheduled to be carried out during 2022-2023.

Aibel's NOK140 million engineering, procurement, construction and installation contract is for the Northern Lights subsea control system located on the Oseberg A platform. The company will upgrade the Oseberg A platform to pull in and operate the umbilical system that will connect the platform and the Northern Lights subsea facilities.

Work will start in January 2021 and is planned to be completed late 2023.

Northern Lights is part of the Norwegian government's Longship project for establishing full scale CO2 capture, transport and storage facilities in line with the country's international climate agreements.

Write to Dominic Chopping at dominic.chopping@wsj.com

(END) Dow Jones Newswires

January 28, 2021 05:16 ET (10:16 GMT)

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