Equinor Awarding Drilling and Well Service Contracts Worth NOK 30 billion
Monday 18 June 2018
Equinor is awarding new service contracts to Baker Hughes Norge, Halliburton AS and Schlumberger Norge AS for integrated drilling and well services on most of the Equinor-operated fields on the Norwegian continental shelf. Initially awarded for four years, the contracts have a total estimated value of some NOK 30 billion.
The contracts include options for five 2-year extensions. Extension of the contracts is subject to continuous achievement of the goals for well deliveries.
The purpose of integrated drilling and well services is to clarify roles and responsibilities. This results in less interfaces and more clearly defined responsibilities, facilitating more seamless planning and implementation of the operations between the various contributors.
BUILDING ON EXPERIENCE
The new contracts will create jobs for some 2000 people on 17 fixed platforms and eight mobile rigs. They replace the current service contracts, which expire on 31 August. The contracts aim at new ways of collaborating, giving the service suppliers greater responsibility for services than before. Support from land will be essential to successful implementation of integrated operations. For mobile units the service contracts will be linked to the rig rather than the various licences.
The contracts include the following services for well construction:
- Integrated drilling services
- Cementation and pumping
- Drilling and completion fluids
- Electrical logging
- Completion