Overview
- Equinor said Monday it extended key drilling and well-service agreements worth about NOK 17 billion to keep activity high on the Norwegian continental shelf.
- Baker Hughes, Halliburton, and SLB won one-year extensions for integrated drilling and well services, while 15 specialist firms secured two-year framework deals linked to those operations.
- The package covers work from cementing and drilling fluids to logging, completions, fiber optics, sand screens, and other downhole tools needed to drill and fix wells offshore.
- Equinor expects about 2,500 people to be engaged under these agreements, supporting work on both fixed platforms and mobile rigs across a wide set of fields and vessels.
- The company says new wells will supply roughly 70% of its 2035 output, so it plans faster, more standardized delivery and 20–30 exploration wells a year to offset declines and support Europe’s energy supply.