Norwegian state-owned energy giant Equinor has, on behalf of partners, awarded four contracts worth around NOK 6 billion (about €536.4 million) for the first wave of subsea tie-back projects on the Norwegian Continental Shelf (NCS) as part of its NCS2035 strategy.
The four projects are part of the first of several planned subsea development waves, in which contracts are being coordinated to increase pace and reduce costs and lead time by up to 50% for subsea developments on the NCS.
