Edition:
United Kingdom

Equinor awards $3.7 bln deals to Schlumberger, Halliburton, Baker Hughes


Monday, 18 Jun 2018 

June 18 (Reuters) - Equinor Asa ::EQUINOR: AWARDING DRILLING AND WELL SERVICE CONTRACTS WORTH NOK 30 BILLION - AWARDING DRILLING AND WELL SERVICE CONTRACTS WORTH NOK 30 BILLION ($3.68 BILLION).EQUINOR IS AWARDING NEW SERVICE CONTRACTS TO BAKER HUGHES NORGE, HALLIBURTON AS AND SCHLUMBERGER NORGE.INITIALLY AWARDED FOR FOUR YEARS, CONTRACTS HAVE A TOTAL ESTIMATED VALUE OF SOME NOK 30 BILLION.CONTRACTS INCLUDE OPTIONS FOR FIVE 2-YEAR EXTENSIONS. EXTENSION OF CONTRACTS IS SUBJECT TO CONTINUOUS ACHIEVEMENT OF GOALS FOR WELL DELIVERIES.NEW CONTRACTS WILL CREATE JOBS FOR SOME 2000 PEOPLE ON 17 FIXED PLATFORMS AND EIGHT MOBILE RIGS. THEY REPLACE CURRENT SERVICE CONTRACTS, WHICH EXPIRE ON 31 AUGUST.