Equinor extends agreements to maintain NCS production
Key Highlights
- Equinor is extending key service and supplier agreements to maintain NCS production.
- Integrated drilling and well services agreements are valued at NOK 8.3 billion.
- Specialist service agreements are valued at NOK 8.6 billion.
Equinor is extending key service and supplier agreements to maintain production from the Norwegian Continental Shelf. The agreements will cover activity on both fixed installations and mobile rigs and are part of the operator's goal of maintaining production towards 2035 of about 1.2 MMboe/d. New wells are expected to account for about 70% of Equinor’s production in 2035.
The operator is exercising 1-yr options under three contracts for integrated drilling and well services, and 2-yr options under 18 corporate framework agreements for specialist services.
Baker Hughes Norge AS, Halliburton AS, and SLB Norge AS have been awarded contracts for integrated drilling and well services which are valued at NOK 8.3 billion. The services include integrated drilling services, cementing and pumping, drilling and completion fluids, electrical logging, and completions.
The same companies, together with a further 15 suppliers, have also been awarded corporate framework agreements for specialist services estimated at about NOK 4.3 billion/yr over 2 years for a total of NOK 8.6 billion.
Specialist services include electrical submersible pumps, downhole monitoring, tubing conveyed perforation, wired drill pipe, liner hanger, additional completion equipment and services, sand screens, fiber optics, fishing services, downhole mechanical isolation, multilateral technology, coring services, one trip steerable drilling liner system, and expandable hydraulic screens.
Drilling and well service agreements include Baker Hughes for Grane, Oseberg B - C - Øst - Sør, Visund A, Heidrun, Askepott, Johan Sverdrup DP, Shelf Drilling Barsk, Deepsea Bergen, Transocean Encourage, COSL Promoter, Transocean Norge, and Transocean Spitsbergen.
Halliburton agreements include Askepott, Njord A, Heidrun, Snorre A - B, Kvitebjørn, Shelf Drilling Barsk, Transocean Enabler, Transocean Spitsbergen, and Transocean Enabler
SLB agreements are for Gullfaks A - B - C, Kvitebjørn, Statfjord A - B - C, Visund A, Deepsea Stavanger, Askeladden, Shelf Drilling Barsk, Deepsea Aberdeen, COSL Innovator, Transocean Norge, and Transocean Spitsbergen.
Awarded corporate framework agreements for specialist service include Weatherford Norge AS, Roxar Flow Measurement AS, Archer Oiltools AS, Interwell Norway AS, NOV Wellbore Technologies NUF, Welltec Oilfield Services AS, Ramex AS, TCO AS, Silixa Ltd., Tendeka AS, Sekal AS, Expro Norway AS, Enventure Global Technology LLC, Coretrax Americas Ltd., and Corpro Systems Ltd.