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(Reuters) – Norway’s Equinor said on Monday it was extending key supplier deals for drilling and well services with a combined value of around 17 billion Norwegian crowns ($1.83 billion) to maintain production from the Norwegian continental shelf.
- The company said in a statement it was exercising one-year options under three contracts for integrated drilling and well services, and two-year options under 18 corporate framework agreements for specialist services linked to these deliveries.
- Baker Hughes Norge, Halliburton and SLB Norge were awarded the contracts for integrated drilling and well services.
- The same companies, along with a further 15 suppliers, have also been awarded corporate framework agreements for specialist services, Equinor said.
- The company said the agreements, among its largest, were 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 in the energy markets,” it said.
- The integrated drilling and well services agreements are valued at 8.3 billion crowns, while the corporate framework agreements for specialist services are estimated at around 4.3 billion crowns annually over two years.
($1 = 9.2683 Norwegian crowns)
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