Equinor awards $612m subsea deals to kick off Norwegian development wave
Four fast-tracked NCS projects mark the first of many coordinated subsea “waves”
Equinor has awarded contracts worth around NOK 6bn ($612m) for four subsea projects on the Norwegian continental shelf, billing them as the first of several coordinated "development waves" designed to speed up work and cut costs. The company says it sees roughly 75 subsea developments toward 2035 and wants to halve both cost and execution time through simpler processes and standardised solutions.
Together the four projects, TWIN, Omega Sor, Tyrihans Nord and Brime, could add between 130m and 220m barrels of oil equivalent to future output. Only TWIN, the third step in the phased Troll West gas-cap development, has been sanctioned so far; its partnership is investing just over NOK 4bn and expects to add about 11bn cubic metres of gas.
The work has been split across suppliers. TechnipFMC takes subsea production systems for Brime, Omega Sor and Tyrihans Nord plus rigid pipeline installation on Troll, while OneSubsea supplies the TWIN production system and umbilicals across all projects. Ocean Installer handles marine operations, and NOV provides flexible pipelines for three of the fields.
The projects tie back to existing infrastructure, with TWIN linked to Troll A, Omega Sor to Snorre A, Tyrihans Nord via Kristin and Brime to Gullfaks C, reflecting Equinor's push to standardise and reuse platforms to keep marginal barrels economic.
