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Stock impact report

Equinor awards contracts worth $9.9bn for Norwegian maintenance [Yahoo! Finance]

Equinor ASA (EQNR) 
Last equinor asa earnings: 2/6 12:43 am Check Earnings Report
Company Research Source: Yahoo! Finance
These contracts, awarded to seven Norwegian supplier companies, have a combined annual value of approximately NKr10bn. They span five years, with options for two extensions, one of three years and one of two years. Work pertaining to the contracts will commence in the first half of this year. Maintenance and modification activities are said to cover the planning, engineering, installation and execution of both modification and maintenance projects. They also include ongoing maintenance on facilities on the Norwegian Continental Shelf (NCS) and at onshore plants. These tasks involve a wide range of disciplines such as mechanical, electrical and automation engineering, and together account for roughly 4,000 direct man-years of work. The agreements are expected to generate significant benefits for the Norwegian supplier industry nationwide. Equinor's plans include maintaining production levels at 1.2 million barrels of oil equivalent per day (mboe/d) on the NCS through to 2035 Show less Read more
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