Equinor has decided to extend the maintenance and modification agreement (M&M) at Johan Sverdrup for the period 2023 to 2026. Aibel values the agreement as a significant contract. Aibel uses the term 'significant' on contracts where the value for Aibel is between NOK 0.5 billion and NOK 1.5 billion.

In 2019, Aibel was awarded, together with Aker Solutions, M&M assignments at Johan Sverdrup until 2022 as a call-off in the companies' existing M&M frame agreements. Equinor has now decided to extend this arrangement with both Aibel and Aker Solutions with duration until February 2026. In addition to the M&M agreement, Aibel has been a major contributor to the Johan Sverdrup development.

The company has had contracts related to Johan Sverdrup of around NOK 30 billion.