Ratos announced that 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 and 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.