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Equinor Awards Platform Supply Vessel Contracts Worth $234 Million

Equinor Awards Platform Supply Vessel Contracts Worth $234 Million
Norwegian energy giant Equinor has awarded a half a dozen contracts for platform supply vessels to support Equinor’s activities on the Norwegian Continental Shelf.

The six contracts were awarded to five shipowners and represent a total value of more than $234 million (NOK 2.5 billion), including options.

The six platform supply vessels will be managed by Simon Møkster Shipping AS, Island Offshore Management AS, Eidesvik AS, Remøy Shipping AS and P/F Skansi Offshore. The contracts will take effect before the end of 2022, have a three-year firm period and three one-year options.

“We are pleased to secure contracts with suppliers which have a solid safety culture, and the necessary capabilities to ensure safe and efficient operations for Equinor. Long-term commitments are mutually beneficial to Equinor and our suppliers,” says Mette H. Ottøy, chief procurement officer. “They ensure predictability and form the foundation for innovative solutions to improve on all aspects of our collaboration, including reduction of emissions from our operations.”

Equinor has also extended a contract with Island Offshore Shipholding LP for four years, for Island Clipper, which is a combined platform supply vessel and walk-to-work vessel. Island Clipper has supported the Oseberg field in the past and is scheduled to also work on the Hywind Tampen offshore wind farm.

As part of the agreement, the parties have agreed to pursue possibilities to modify the Island Crusader and Kongsborg vessels to be powered by ammonia fuel. The overall goal is to reduce the CO2 emissions by up to 90 percent by use of ammonia fuel.

All six vessels either have, or will get, a battery installed for hybrid operations.

The agreements include requirement for the vessels to employ one cadet or ordinary seaman for each shift, as a recruitment contribution to the maritime industry.

“We are dependent on supply vessels like these to support our more than 40 fields in operation on the Norwegian Continental Shelf (NCS), and we look forward to collaborating with the ship owners and crews for many years to come. I am especially pleased that we are jointly investigating opportunities for further CO2 reductions,” says Ørjan Kvelvane, senior vice president for Joint operations support.

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