ADVERTISEMENT


Equinor Awards Billions in Service Contracts

Equinor has awarded approximately $2.9 billion in drilling service contracts over 3-year fixed terms to several suppliers. The services, primarily related to liner hangers, will be delivered to both new and existing fields on the Norwegian continental shelf.

“These contracts will help us continue our safe and efficient drilling and well operations. The suppliers are specialists that we have worked with before, and we know what they stand for. We look forward to continuing our good cooperation,” Geir Tungesvik, Equinor’s senior vice president for drilling and well, said in a statement.

The contracts cover deliveries complementing the drilling and well service contracts signed in 2018. Each contract comes with five 2-year options. The services related to liner hangers and additional completion are based on framework contracts with standardized conditions where the volume may vary. Peggy Krantz-Underland, Equinor’s chief procurement officer, said the company standardized the contract setup between suppliers to help simplify collaboration.

“For these services, we do not buy from the biggest suppliers only, but also from small-size suppliers with the required specialist competencies,” Krantz-Underland said.

Liner hangers reduce the length of the last liner set in a well by several hundred meters by allowing the liner to be suspended below the ground, rather than extending a single casing string to the top of the wellbore. This saves metal/cementing costs and time for rig and personnel.

Contracts Awarded and Services
Liner Hangers Additional Completion Downhole Monitoring

Halliburton

Schlumberger

Baker Hughes, a GE Company

Weatherford

Halliburton

Schlumberger

Baker Hughes, a GE Company

Weatherford

Ramex

NOV Wellbore Technologies

Petroleum Technology Company

TCO

Interwell Norway

Welltec Oilfield Services

 

Halliburton

Schlumberger

Baker Hughes, a GE COmpany

Weatherford

Roxar Flow Measurement

 

ADVERTISEMENT


STAY CONNECTED

Don't miss out on the latest technology delivered to your email every two weeks.  Sign up for the OGF newsletter.  If you are not logged in, you will receive a confirmation email that you will need to click on to confirm you want to receive the newsletter.

 

ADVERTISEMENT


MOST POPULAR

ADVERTISEMENT


EXPLORE ARTICLES BY TOPIC

ADVERTISEMENT