OKEA Awards Halliburton Field Assessment and Well Construction Services Agreement
Tuesday 3 July 2018
OKEA AS and Halliburton announced the companies have signed a well construction services agreement to implement Halliburton Landmark’s full suite of software in the iEnergyTM cloud and field development planning services for all OKEA fields in the Norwegian Continental Shelf (NCS).
OKEA is developing new marginal fields and cost-efficiency is vital to ensure that the projects provide economic returns. After an open selection process, OKEA chose Halliburton to support the company as it works to develop fields in the NCS more effectively. Through detailed sub-surface studies and scenario optimization, OKEA aims to establish an integrated service delivery model that will allow for the construction and service of wells throughout the fields’ lifecycle.
- Well Construction Services Agreement to implement a digital approach to sub-surface studies and integrated service delivery.
- Nine-year agreement with five year base and two, two year extension options.