ABB inks frame agreement with Equinor

ABB has signed a new frame agreement to deliver safety and automation systems across Equinor’s installed base and greenfield projects worldwide.

Equinor on Monday awarded new framework agreements for safety and automation systems to five suppliers, Kongsberg Maritime, Siemens, ABB, Honeywell, and Emerson. The total value of the five-year fixed period of the agreement is estimated at just above NOK 5 billion ($555.2M). Three five-year options are additional, depending on the lifetime of each installation.

ABB said on Tuesday that the frame agreement continues more than three decades of collaboration, with the company supporting Equinor to consider innovative opportunities in an era of greener…