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Equinor Extends Drilling Contracts

marinesalvage by marinesalvage
July 6, 2024
in Tug&Barge&Salvage
0
Equinor Extends Drilling Contracts
Photo: Arne Reidar Mortensen / Equinor

Photo: Arne Reidar Mortensen / Equinor

Equinor, on behalf of the companions, is exercising two choices to increase contracts with Archer AS, KCA Deutag Drilling Norway AS and Odfjell Operations AS for a complete of 4 years.

The choices for drilling providers on mounted installations on the Norwegian continental shelf present jobs for two,000 individuals per yr and have an estimated worth of NOK 18.4 billion.

The contracts had been signed in 2018 with three choice durations of two years. The first two-year choice was exercised in 2022. The new contract interval runs for 4 years from October 1, 2024.

“We appreciate the good collaboration we have had with these suppliers for many years, and have therefore added a fourth option of two years in addition to those agreed in the original contracts. This will help ensure predictability and form the basis for continuous improvements over time. This is a clear signal that we have long-term plans for cooperation with all three suppliers,” says Mette H. Ottøy, Equinor’s chief procurement officer.

In this selection spherical, Equinor has carried out a restricted competitors evaluating drilling suppliers on sure mounted installations primarily based on a mix of technical and industrial standards. This has resulted in some redistribution between these suppliers on 4 of the 19 installations within the contract portfolios.

The providers they ship to Equinor are drilling, completion, intervention providers, plugging, upkeep and modifications on 19 of Equinor’s mounted installations. They additionally get assist from sub-contractors for a few of these providers, producing further jobs alongside the Norwegian coast.
The drilling contracts cowl the next installations – subject identify/awarded to:

Grane – Odfjell
Gullfaks A, B & C – Archer
Heidrun – KCAD
Johan Sverdrup – Odfjell
Kvitebjørn – KCAD
Njord – KCAD
Oseberg B, C, Sør & Øst – KCAD
Sleipner A – Archer
Snorre A & B – Archer
Statfjord A, B & C – Archer
Visund – Odfjell

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