On behalf of the license partners, Equinor has awarded two contracts and issued a letter of intent to TechnipFMC for pipelaying and subsea installation for three projects on the Norwegian continental shelf (NCS).
The parties have entered into an agreement on commercial terms for a coordinated development of the licenses Krafla, Fulla and North of Alvheim (NOA) on the Norwegian Continental Shelf.
Equinor and co-venturers Progress Resources USA Ltd and Repsol E&P USA Inc. have encountered oil in the Monument exploration well in the US Gulf of Mexico.