Equinor is activating one-year options on three contracts for integrated drilling and well services, alongside two-year options on 18 associated corporate framework agreements for specialist services.
The agreements are collectively valued at Nkr17bn ($1.83bn).
These extensions aim to maintain production from the Norwegian Continental Shelf (NSC) and support stable energy supplies to Europe.
The integrated drilling and well services deals have a combined value of Nkr8.3bn.
Annually, the corporate framework agreements for specialist services are estimated to be around Nkr4.3bn over the two-year period.
Contracts for the integrated services have been awarded to Baker Hughes Norge, Halliburton and SLB Norge.
The services encompass several aspects of well construction including integrated drilling services, cementing and pumping, drilling and completion fluids, electrical logging and completion activities.
In light of the maturing NCS, drilling and well operations are increasingly crucial for sustaining production levels.
Equinor's aim is to sustain production at approximately 1.2 million barrels of oil equivalent per day (mboe/d) until 2035.
Equinor wells senior vice-president Rune Nedregaard said: “New wells are expected to account for around 70% of Equinor’s production in 2035. This involves both more wells and more well interventions, which must be delivered faster and significantly more cost-efficiently than today.
“That requires closer collaboration with the supplier industry and increased use of technology and standardisation.”
The 18 awarded corporate framework agreements for specialist services involve companies such as Archer Oiltools, Baker Hughes Norge, Halliburton, Interwell Norway, NOV Wellbore Technologies, Roxar Flow Measurement, SLB Norge and Weatherford Norge.
The specialist services cover electrical submersible pumps, downhole monitoring and tubing conveyed perforation. They also include wired drill pipes, liner hangers, additional completion equipment and services, sand screens and fibre optics.
Further offerings are coring services, downhole mechanical isolation, expandable hydraulic screens, fishing services, multilateral technology and a one-trip steerable drilling liner system.
These framework agreements aim to provide essential expertise and technology, facilitating efficient well operations and adapting to the evolving requirements of the NCS.
The agreements are expected to involve around 2,500 personnel, covering both fixed installations and mobile rigs on the shelf.
Equinor chief procurement officer Jannicke Nilsson said: “These agreements are among the largest we have, and they are 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.”
In March this year, Reach Subsea secured two new contracts from Equinor, with both projects to be carried out on the NCS using the uncrewed surface vessel Reach Remote 1.
