Equinor Extends Drilling Agreements for Norwegian Continental Shelf

Equinor is extending key supplier agreements with a combined value of around NOK 17 billion ($1.8 billion). Baker Hughes Norge, Halliburton and SLB Norge have been awarded the contracts for integrated drilling and well services to help maintain production from the Norwegian continental shelf.

Equinor is exercising one-year options under the three contracts for integrated drilling and well services, as well as two-year options under the 18 corporate framework agreements for specialist services linked to these deliveries.

The integrated drilling and well services agreements are valued at NOK 8.3 billion, while the corporate framework agreements for specialist services are estimated at approximately NOK 4.3 billion per year over two years.

The three companies, together with a further 15 suppliers, have also been awarded corporate framework agreements for specialist services. The framework agreements for specialist services will ensure access to the necessary expertise and technology to carry out well operations more efficiently and adapt to changing needs on the shelf.

“These agreements are among the largest we have, and they are crucial for activity on the Norwegian continental shelf. New wells enable us to maintain high production and deliver stable energy to Europe. This is particularly important at a time of turbulence