ABB inks frame agreement with Equinor
- Business & Finance
ABB has signed a new frame agreement to deliver safety and automation systems across Equinor’s installed base and greenfield projects worldwide.
Equinor on Monday awarded new framework agreements for safety and automation systems to five suppliers, Kongsberg Maritime, Siemens, ABB, Honeywell, and Emerson. The total value of the five-year fixed period of the agreement is estimated at just above NOK 5 billion ($555.2M). Three five-year options are additional, depending on the lifetime of each installation.
ABB said on Tuesday that the frame agreement continues more than three decades of collaboration, with the company supporting Equinor to consider innovative opportunities in an era of greener, cleaner energy, and increasing automation.
ABB added that the agreement would see the company use its unique automation and intelligent digital solutions, including simulation technologies and processes, to enable cost savings, enhanced productivity, and safety for brownfield and greenfield installations internationally.
Kevin Kosisko, managing director of ABB Energy Industries, said: “With our deep domain expertise across the energy industries, ABB is uniquely positioned to assist Equinor in extending the lifetime of its existing installed base, encompassing 19 offshore and four onshore sites around the world.”
It is worth noting that ABB has supported Equinor in projects and operations since the mid-1980s ranging from providing integrated safety and automation, electrical and telecommunication systems to the Aasta Hansteen gas field, as well as supplying electrical and telecommunication systems for both the Mariner project in the North Sea and the Gina Krog project on the Norwegian Continental Shelf.
ABB was also the main automation and electrical contractor for the Peregrino project, offshore Brazil, and is delivering an integrated ABB Ability safety and automation system to the Johan Castberg FPSO.
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