trending Market Intelligence /marketintelligence/en/news-insights/trending/8lhzsu3bldwll3osihm-sg2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

Equinor awards service contracts to Schlumberger, Halliburton, Baker Hughes

Q3: U.S. Solar and Wind Power by the Numbers

Path to Carbon-Free Power Generation by 2035

The Growing Importance of Data Centers for European & U.S. Renewable Projects

CAISO and ERCOT Power Forecasts by the Hour

Equinor awards service contracts to Schlumberger, Halliburton, Baker Hughes

International energy company Equinor, formerly Statoil ASA, is awarding integrated drilling and well services contracts worth 30 billion Norwegian kroner for most of its operated fields on the Norwegian continental shelf to Baker Hughes Norge A/S, Halliburton AS and Schlumberger Norge As, the company said in a June 18 press release.

The contracts, replacing those that expire on Aug. 31, include services for well construction, integrated drilling services, cementation and pumping, drilling and completion fluids, electrical logging and completion. Jobs will be created for about 2,000 people on 17 fixed platforms and eight mobile rigs.

For mobile units the service contracts will be linked to the rig rather than the various licences.

Initially awarded for four years, the contracts include options for five two-year extensions contingent on continuous achievement of the goals for well deliveries.

Baker Hughes Norge is a unit of Baker Hughes, Halliburton AS is owned by Halliburton Co. and Schlumberger Norge is a subsidiary of Schlumberger Ltd.

As of June 15, US$1 was equivalent to 8.13 Norwegian kroner.