Equinor Awards Contracts Worth $74.4 Million for Carbon-Capture Project
January 28 2021 - 5:31AM
Dow Jones News
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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