Ratos company Aibel awarded extended frame agreement at Johan Sverdrup in the North Sea
Equinor has decided to extend the maintenance and modification agreement (M&M) at Johan Sverdrup for the period 2023 to 2026. Aibel values the agreement as a significant contract. Aibel uses the term ’significant’ on contracts where the value for Aibel is between NOK 0.5 and 1.5 billion.In 2019, Aibel was awarded, together with Aker Solutions, M&M assignments at Johan Sverdrup until 2022 as a call-off in the companies’ existing M&M frame agreements. Equinor has now decided to extend this arrangement with both Aibel and Aker Solutions with duration until February 2026.“As the owner, we are