- Combined value ~NOK 17 billion: NOK 8.3bn for integrated drilling and ~NOK 4.3bn/yr for specialist services over two years.
- Equinor exercised one-year options on three integrated drilling contracts and two-year options on 18 corporate framework agreements.
- Integrated drilling contracts awarded to Baker Hughes Norge AS, Halliburton AS and SLB Norge AS; 15 additional suppliers won specialist-services frameworks (e.g., Weatherford, Roxar, Archer, Interwell, Welltec).
- Agreements cover fixed installations and mobile rigs on the Norwegian continental shelf, employ ~2,500 people and support sustaining production toward 2035 (~1.2 million boe/d), with new wells expected to provide ~70% of output.
Contract overview
Equinor has exercised one-year options on three integrated drilling and well‑services contracts and two-year options on 18 corporate framework agreements for specialist services, extending supplier agreements on the Norwegian continental shelf.
Value and suppliers
Combined value about NOK 17 billion: integrated drilling and well‑services NOK 8.3 billion; specialist‑services frameworks ~NOK 4.3 billion per year over two years. Integrated contracts were awarded to Baker Hughes Norge AS, Halliburton AS and SLB Norge AS; the specialist frameworks include those firms and 15 additional suppliers such as Weatherford, Roxar, Interwell and Welltec.
Operational impact
The agreements cover activity on fixed installations and mobile rigs, are expected to employ around 2,500 people and support continued drilling and well operations to sustain production and activity on the shelf.
Production strategy
On a mature shelf new wells and interventions are increasingly important to sustain output; Equinor aims to maintain production toward 2035 at about 1.2 million barrels of oil equivalent per day, with new wells projected to supply roughly 70% of production in 2035, requiring faster, more cost‑efficient deliveries, closer supplier collaboration, greater use of technology and increased standardisation.
