Norway's Equinor is extending its contracts with Baker Hughes Norge, Halliburton AS and Schlumberger Norge AS for integrated drilling and well services on Equinor-operated fields on the Norwegian continental shelf (NCS), the company said on Friday.
Equinor said it is also extending contracts for two years effective June 1 for additional services with the same companies and 13 other suppliers.
The contract extension for drilling services has an estimated total value of approximately NOK 14 billion ($1.48 billion) and will offer work to around 2,000 people distributed on 18 fixed platforms and 12 mobile rigs.
The total value of specialist services, employing 600, is close to NOK 6 billion ($633 million).
'Long-term supplier relations have proved to be important in an industry swaying rapidly between good and more challenging times. It ensures predictability and is important to develop this industry in a safe, efficient and sustainable way. We are pleased to extend these contracts, and it’s an expression of the good collaboration with our suppliers. These contracts are central in our value creation on the NCS,' said Mette H. Ottoy, chief procurement officer.
By Murat Temizer