This photo shows a view from the Gullfaks A platform. Photo by Lone Stormoen. PHOTO SOURCE: Equinor
Equinor (NYSE: EQNR) reported Tuesday that it has awarded Altus Intervention AS and Archer Integrated Services AS framework contracts to supply integrated wireline services within well intervention to its fixed platforms.
“This is the result of a long-term strategy to achieve more holistic solutions, and an opportunity to modernize the intervention services,” remarked Peggy Krantz-Underland, Equinor’s chief procurement officer, in a written statement emailed to Rigzone.
Equinor estimates the total value of the fixed-term framework contracts – awarded for approximately five years from May 2021 – approaches NOK 1 billion (US$117 million) per year. It pointed out the contracts include three two-year extension options, adding the agreements include optionality for wireline services to other areas such as mobile units. With main offices in the Norwegian cities of Stavanger (Alt