Equinor awards Aibel FEED for Barents Sea FPSO topsides; concept selection due late 2026

Equinor has contracted Aibel for front-end engineering and design (FEED) of the topsides for a floating production, storage, and offloading (FPSO) unit destined for a Barents Sea oil project. Partners are targeting concept selection by late 2026, indicating the project is advancing but remains pre-final investment decision. This signals continued investment in Arctic offshore oil infrastructure despite environmental scrutiny.

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