Equinor Inks $10 Billion of Deals to Sustain Norway Output

Equinor ASA signed contracts valued at about 100 billion kroner ($9.9 billion) to help maintain oil and gas output in Norway for at least another decade.

The deals, with companies including Aker Solutions ASA and John Wood Group Plc, cover maintenance, repairs and upgrades at onshore and offshore facilities, according to a statement Thursday. The focus on existing infrastructure rather than new platforms and vessels underscores the increasing rarity of huge new finds.