OneSubsea signs long-term strategic collaboration agreement with Equinor

OneSubsea, where Aker Solutions owns 20 %, has signed a long-term strategic collaboration agreement with Equinor and will commence early engineering work on Wisting and Bay Du Nord projects. 

The agreement between the Subsea Integration Alliance (OneSubsea and Subsea7) and Equinor provides a contractual framework for earlier and closer engagement throughout the project cycle to unlock more value from complex projects. 

The agreement paves the way for exploratory work to begin on two projects: the Wisting field offshore Norway and Bay Du Nord, off Newfoundland and Labrador, Canada. The agreement will be a foundation for potential FEED and EPCI contracts to be awarded in case of final investment decision.

The agreement, which was signed [today] in Stavanger, Norway, represents an innovative, integrated way of working. It enables early information sharing, technology innovation and other collaborative benefits critical to unlocking more subsea projects by making them economically viable. Building on their experience as members of the Subsea Integration Alliance, this agreement also further cements OneSubsea and Subsea7’s positions as trusted contractors to Equinor.