Coor inks extension for offshore facility management with Equinor
- Business & Finance
Norwegian oil major Equinor has extended its offshore agreement with facility management provider Coor.
Coor said on Tuesday that Equinor had extended the agreement between the two companies by three years by exercising an option under the initial deal.
The agreement is worth just under SEK 200 million ($19.8 million) per year. According to the company, the extension applies from July 1, 2020.
It is worth noting that Coor has delivered facility management services to five of Equinor’s oil platforms since 2015.
Under the initial deal, the company provided services support services to the Snorre A and B, and Statfjord A, B, and C oil platforms. Coor is responsible for providing and developing several services for Equinor’s staff working on the company’s oil platforms. These include restaurant services, cleaning, accommodation and reception.
Apart from the offshore agreement, Coor and Equinor signed an agreement for facility management of Equinor’s offices and production facilities in Norway back in 2014.
Mikael Stöhr, president and CEO of Coor, stated: “The offshore delivery is an exciting contract that focuses on health and safety in an environment different from our other contracts.”
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