Equinor signed a maintenance and modification services contract with Aker Solutions in the Peregrino field.

The contract will be for four years and includes an option for an extension of two more years.

The second phase of development, starting production next year, involves adding a third fixed wellhead platform (WHP-C) and drilling new horizontal production wells with artificial elevation, supplied by electric submersible pumps of rock bottom.

Multiphase export booster pumps will pump oil, gas and water transported through pipelines to the field's existing FPSO for processing.

The produced water will be returned after the separation process to the WHP-C for reinjection.

Equinor's objectives are to extend the productive life of the field and increase the recoverable reserves by 273 MMbbl.

Linda Litlekalsøy Aase, vice president of Aker Solutions, said: "Together we will work to extend the useful life of Equinor's assets and find low-carbon solutions wherever possible."