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Stock impact report

DeepOcean wins Equinor contract for subsea work on Snorre gas project [Yahoo! Finance]

Equinor ASA (EQNR) 
Last equinor asa earnings: 2/6 12:43 am Check Earnings Report
Company Research Source: Yahoo! Finance
well as installation works for the Snorre export and import gas project (SNEIG), with offshore operations scheduled for 2026. The SNEIG initiative forms part of the wider Snorre expansion project, which aims to extend the operational life of the Snorre oil and gas field beyond 2040. The field area was discovered in 1979 and has been producing since 1992. It is situated in the Tampen area of the northern North Sea, where water depths range between 300m and 350m. As part of the contract, DeepOcean will be responsible for installing a subsea safety isolation valve and an umbilical, and completing tie-ins to the existing pipeline using connectors and tools sourced from the Pipeline Repair and Subsea Intervention (PRSI) pool. The contract also covers preparatory subsea work such as isolation pig tracking, removal of pipeline coatings and cutting operations. Additionally, DeepOcean will prepare suitable crossings for the new umbilical before proceeding with mechanical completion Show less Read more
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