Under the agreement, Siemens will work collaboratively with Equinor to implement systems and strategies that will lower costs, minimize production stoppages, increase uptime, reduce emissions, and improve sustainability. The agreement applies to both existing installations where Siemens is a supplier, along with potentially new development projects.
New digital solutions and cybersecurity will also be an important part of the systems in the years to come.
“The oil and gas industry is changing, and it will be important to adopt new solutions,” said Bjørn Einar Brath, Head of Siemens Energy Oil & Gas Offshore Solutions. “We are proud to participate in this development together with Equinor.”
The agreement consists of a total of four five-year periods – one five-year main contract and three options for five years. Through a highly collaborative effort, Siemens will offer design and engineering services using components that are adapted to work together in a total solution. This will enable significant savings for Equinor and also allow for improved planning so that projects can be executed on time and at a lower risk.
“The agreement also includes a new compensation model that rewards both parties for safe and efficient deliveries,” added Brath. “If we jointly succeed in reducing our total costs, everyone involved in the effort will benefit.”