(WO) – Equinor has prolonged a sequence of drilling and nicely companies agreements valued at roughly NOK 17 billion ($1.6 billion) to maintain manufacturing and exercise on the Norwegian Continental Shelf.
Jannicke Nilsson, chief procurement officer at Equinor. Picture: Ole Jørgen Bratland, Equinor.
The contracts embrace built-in drilling and nicely companies agreements value NOK 8.3 billion, alongside company framework agreements for specialist companies valued at roughly NOK 4.3 billion per yr over two years.
Baker Hughes Norge AS, Halliburton AS and SLB Norge AS had been awarded the core built-in drilling and nicely companies contracts, overlaying a variety of property throughout the shelf. The identical firms, together with extra suppliers, had been additionally chosen for specialist service agreements supporting nicely building and intervention exercise.
“These agreements are among the many largest we have now, and they’re essential for exercise on the Norwegian Continental Shelf,” mentioned Jannicke Nilsson, chief procurement officer at Equinor. “New wells allow us to keep up excessive manufacturing and ship steady power to Europe.”
Equinor mentioned drilling and nicely operations will play an more and more essential position in sustaining output from the mature North Sea basin, the place new wells and interventions are anticipated to account for a rising share of future manufacturing.
“New wells are anticipated to account for round 70% of Equinor’s manufacturing in 2035,” added Rune Nedregaard, senior vp for Wells. “That requires nearer collaboration with suppliers and elevated use of know-how and standardisation.”
The agreements are anticipated to assist round 2,500 jobs and canopy exercise on each mounted installations and cell rigs.
