Nexans closes groundbreaking service level contract with Equinor
April 22 2024 - 3:00AM
Nexans closes groundbreaking service level contract with Equinor
Nexans closes groundbreaking service level contract with
Equinor
_PRESS
RELEASE_
- Nexans and energy company
Equinor strengthen their long-term collaboration with a four-year
contingency and preparedness contract.
- Nexans' unique and
extensive repair expertise covers all types of existing
cables
- The contract includes
assistance from a team of Nexans experts and the provision of a
vessel to meet the intervention requirements.
Paris, 22 April 2024 – Nexans,
leader in the design and manufacturing of cable systems and
services has signed a contingency and preparedness contract with
international energy company Equinor.
As an international energy group committed to
creating long-term value for a low-carbon future. Equinor has a
long-standing relationship with Nexans which has resulted in a
number of pioneering projects.
Nexans is extending this collaboration through a
4-year agreement that includes turnkey repair services for various
cable systems. Equinor will manage and operate the contract on
behalf of the Pipeline Repair and Subsea Intervention (PRSI) Pool
members. The agreement covers approximately 3,000 km of cable.
To ensure Equinor’s assets’ normal functioning,
Nexans will provide its unique expertise of performing complex
turnkey repairs on all types of cables (XLPE, mass impregnated or
oil-filled cables).
In the case of a cable system failure, Nexans
will offer its expertise of installing and maintaining submarine
cable systems by mobilizing highly-skilled teams to assess the
fault and perform any necessary repairs. Nexans is committed to
finding the most suitable solution and intervene as quickly as
possible, ensuring continuity of power transmission. The areas of
operation are located in Northern Europe but can be broadened
according to the clients’ needs.
Pascal Radue, EVP of Nexans’ Generation and
Transmission Business Group: “Equinor is a forward-looking company
with strong environmental and social values. The approach our two
companies take in working together is an example of effective
partnership. The teams are dedicated to delivering an assistance
service tailored to Equinor and the PRSI pool members’
requirements. ”
About Nexans
For over a century, Nexans has played a crucial
role in the electrification of the planet and is committed to
electrifying the future. With approximately 28,500 people in 41
countries, the Group is paving the way to a new world of safe,
sustainable and decarbonized electricity that is accessible to
everyone. In 2023, Nexans generated 6.5 billion euros in standard
sales. The Group is a leader in the design and manufacturing of
cable systems and services across four main business areas: Power
Generation & Transmission, Distribution, Usage and Industry
& Solutions. Nexans was the first company in its industry to
create a Foundation supporting sustainable initiatives, bringing
access to energy to disadvantaged communities worldwide. The Group
is recognized on the CDP Climate Change A List as a global leader
on climate action and has committed to Net-Zero emissions by 2050
aligned with the Science Based Targets initiative (SBTi).
Nexans. Electrify the future.
Nexans is listed on Euronext Paris, compartment
A.For more information, please visit
www.nexans.com
Contacts:
Communication Mael Evin (Havas
Paris) Tel.: +33 (0)6 44 12 14 91nexans_h@havas.com
Emmanuel Guinotemmanuel.guinot@nexans.com
Maëllys Leosticmaellys.leostic@nexans.com |
Investor
relations Elodie
Robbe-MouillotTel.: +33 (0)1 78 15 03
87elodie.robbe-mouillot@nexans.com |
- 2024-04-22_pr-Nexans closes groundbreaking service level
contract with Equinor
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