BAKU, Azerbaijan, May 4. Norway’s Equinor has
exercised one-year extension options under three contracts for
integrated drilling and well services, along with two-year options
under 18 corporate framework agreements covering specialist
services, Trend reports via the company.
The integrated drilling and well services contracts are valued
at NOK 8.3 billion, while the framework agreements for specialist
services are estimated at around NOK 4.3 billion annually over a
two-year period.
Contracts for integrated drilling and well services have been
awarded to Baker Hughes Norge AS, Halliburton AS and SLB Norge AS.
These companies, together with 15 additional suppliers, have also
secured framework agreements for specialist services.
The specialist service agreements are aimed at ensuring access
to the expertise and technologies required to improve the
efficiency of well operations and respond to evolving needs on the
Norwegian continental shelf.
As the shelf matures, drilling and well activities are becoming
increasingly critical for sustaining output. Equinor aims to
maintain production at around 1.2 million barrels of oil equivalent
per day through 2035.
