Equinor: contract extensions for NOK 20 billion


(CercleFinance.com) – Equinor announces the extension of its contracts with Baker Hughes Norge, Halliburton AS and Schlumberger Norge AS for integrated drilling and well services on its operating fields on the Norwegian Continental Shelf (NCS).

Equinor is also extending its specialty service contracts with the same companies as well as 13 other vendors. The contracts will apply for two years from 1 June.

The extension of the contract for drilling services is estimated at around NOK 14 billion (Norwegian kroner) and will employ around 2,000 people on 18 fixed platforms and 12 mobile platforms.

The total value of specialist services over the same period is estimated at almost NOK 6 billion. The specialized services will employ around 600 people.

‘The integrated contracts are well complemented by the framework contracts for specialized services. We are very pleased with the contracts we are extending and look forward to continuing our joint improvement work,” said Erik G. Kirkemo, Equinor’s senior vice president for drilling and well operations.

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