Equinor Extends $1.8B Drilling Deals with Halliburton Unit
Equinor extended $1.8 billion in drilling and well services contracts by exercising one-year options under three integrated drilling agreements and two-year options on 18 framework deals, awarding work to Halliburton's local unit. These deals support drilling 20 to 30 wells annually and target 70% of production by 2035.
1. Contract Extension Details
Equinor exercised one-year options under three integrated drilling and well service agreements and two-year options on 18 corporate framework deals, extending supplier contracts valued at $1.8 billion. Halliburton’s local unit was among the awardees for integrated drilling and specialist well services.
2. Production and Service Scope
The contracts underpin plans to drill 20 to 30 wells annually offshore Norway and aim to secure 70% of Equinor’s production from new wells by 2035. Halliburton will deliver both integrated drilling and specialist well intervention services under these agreements.