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| Name | Symbol | Market | Type |
|---|---|---|---|
| Equinor ASA | NYSE:EQNR | NYSE | Depository Receipt |
| Price Change | % Change | Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.06 | 0.21% | 28.04 | 21,840 | 13:35:14 |
From May 2021 to May 2024
By Dominic Chopping
Aker Solutions ASA said late Wednesday that it has received a letter of intent for a front-end engineering and design contract from Equinor ASA for a floating, production, storage and offloading vessel for the Wisting oil field development in the Norwegian Barents Sea.
The intended contract includes an option that could represent a significant contract for engineering, procurement, construction and integration of the topside for the vessel .
Work on the front-end engineering and design starts immediately with planned completion in the third quarter of 2022, it said.
Equinor is operator of the Wisting field with a 35% stake. Partners include OMV Norge AS with 25%, Petoro AS with 20%, Idemitsu Petroleum Norge AS with 10% and Lundin Energy Norway AS with 10%.
Aker Solutions defines a significant contract as being worth between 8.0 billion and 12.0 billion Norwegian kroner ($957.5 million-$1.44 billion).
Write to Dominic Chopping at dominic.chopping@wsj.com
(END) Dow Jones Newswires
October 21, 2021 04:16 ET (08:16 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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