The study will finalize the technical definition of the proposed subsea development prior to Equinor and its partners making the final investment decision. Work will begin immediately in our offices in Norway and the UK.
If the EPCI option is exercised, any resulting subsea structures, umbilicals, risers, and flowlines (SURF) installation scope would be a direct, substantial award to Subsea7. Offshore installation activities associated with this contract would be scheduled for 2026, 2027 and 2028.
The Fram Sør area is located 10–30 kilometers north of the Equinor-operated Troll C platform, approximately 70 kilometers northwest of Bergen. The development will be connected to the existing Fram and Troll C infrastructure.
Erik Femsteinevik, Vice President for Subsea 7 Norway, said: “This award continues our long-standing collaboration with Equinor. The study enables Subsea7 to engage early in the field development process, optimizing design solutions and contributing to the final investment decision. We look forward to working closely with Equinor to unlock the value in Fram Sør.”
Subsea7 defines a substantial contract as being between $150 million and $300 million.
