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Multiconsult Secures Major Electrification Contract with Equinor
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Multiconsult Secures Major Electrification Contract with Equinor

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Multiconsult ASA ( (DE:3MC) ) just unveiled an update.

Multiconsult Norge AS, in partnership with Aker Solutions AS and LINK Arkitektur AS, has secured a significant contract from Equinor for engineering services related to the electrification of oil and gas installations on the Norwegian continental shelf. The project, valued at around NOK 600 million with all options, involves extensive engineering work including grid connection and substation development, with an initial phase finishing in 2025 and potential completion by 2030, subject to final investment decisions and regulatory approvals.

More about Multiconsult ASA

Multiconsult ASA is a company engaged in providing engineering services, particularly in collaboration with subcontractors like Aker Solutions AS and its subsidiary LINK Arkitektur AS. The company focuses on projects such as electrification of oil and gas installations, offering services that include engineering design, procurement assistance, and construction supervision.

YTD Price Performance: 1.21%

Average Trading Volume: 53

Technical Sentiment Consensus Rating: Sell

Current Market Cap: €466.5M

Learn more about 3MC stock on TipRanks’ Stock Analysis page.

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