The work will be carried out at Equinor's facilities in Killingøy, Haugesund, as well as offshore on the Norwegian continental shelf and in various international areas.

The work will be performed in close collaboration with Equinor and includes the management, administration, and operation of the PRSI Pool Base, including maintenance, studies, engineering, procurement, fabrication, testing and operation of various types of equipment for pipeline repair and subsea intervention.

"We are very pleased to join Equinor in the further development of the PRSI Pool Base, which contains highly technical and advanced equipment. We will utilize specialist expertise from several IKM companies in this work. For example, subsea engineering expertise from IKM Ocean Design, hydraulic, mechanical, and electrical maintenance from IKM Elektro, and subsea operational expertise from IKM Subsea. We are really looking forward to starting the work," says Executive Vice President Arne Vervik of the IKM Group.

"IKM is currently established with two companies in Haugesund. This contract will strengthen our presence in the region and will also mean a lot to our local partners in Haugalandet. IKM's core business is operational support and specialist maintenance, so this contract fits well into our portfolio. In addition to using our own expertise, we will also recruit locally. I am very grateful for the trust Equinor has shown us by awarding this contract to IKM," says Øystein Stjern, Deputy CEO of IKM Group.

The contract has a duration of 4 years, with two options each for an additional2 years. The total contract value is estimated at approximately NOK 1.6 billion. The work under the contract will employ about 50-70 people, and preparatory work with recruitment and planning will start immediately.