Global engineering firm Worley (ASX:WOR) has been awarded a significant framework agreement by Equinor Energy to support critical oil and gas facilities on the Norwegian Continental Shelf.
Set to commence in May, the five-year contract includes options for extension and positions Worley as a primary provider for maintenance, installation, and modification activities.
The agreement covers several of Equinor's flagship offshore assets, including the Sleipner and Johan Sverdrup facilities.
The partnership marks a strategic expansion of Worley’s long-term service arrangements in Norway, leveraging the firm's deep local expertise alongside its global specialised resource network.
Worley CEO Chris Ashton highlighted the importance of the deal, stating that the agreement reflects the trust Equinor has placed in Worley’s ability to support complex offshore operations.
The contract is expected to provide a steady stream of offshore work, reinforcing Worley's footprint in the Tier 1 Norwegian energy sector as it assists Equinor in maintaining operational efficiency and asset integrity across its North Sea portfolio.
At the time of reporting, Worley’s share price was $13.08.