Equinor awards NOK 30B services contracts

Equinor is awarding new service contracts to Baker Hughes Norge, Halliburton AS and Schlumberger Norge AS for integrated drilling and well services on most of the Equinor-operated fields on the Norwegian continental shelf. Initially awarded for four years, the contracts have a total estimated value of some NOK 30B.

The new contracts will create in the region of 2000 jobs on 17 fixed platforms and 8 mobile rigs. They replace the current service contracts, which expire on 31 August. The contracts aim at new ways of collaborating, giving the service suppliers greater responsibility for services than before. Support from land will be essential for successful implementation of integrated operations. For mobile units, the service contracts will be linked to the rig rather than the various licences.

The contracts include the following services for well construction: integrated drilling services, cementation and pumping, drilling and completion fluids, electrical logging, and completion.

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