Baker Hughes, a GE company Wins Large Scope in Equinor’s Drilling and Well Services Contract
June 18 2018 - 6:37AM
Business Wire
Baker Hughes, a GE company (NYSE: BHGE) announced today that the
company was awarded an integrated well services contract to support
a large proportion of Equinor’s drilling and well construction
activities in the Norwegian sector of the North Sea for an initial
period of four years with options to extend by up to 10 years. This
partnership aims to significantly improve operational efficiencies
and reduce well costs over the life of the project through a
holistic and collaborative development approach.
BHGE secured a large scope in the award and will be the main
drilling and well services provider for the eight rigs developing
Troll, Oseberg and Grane – three of the most prolific and active
fields in the Norwegian Continental Shelf. Products and services
will include integrated drilling services, drill bits, cementing
and pumping, drilling and completion fluids, electrical wireline
logging and completions. BHGE will also provide upper completions
and mechanical well washing services for three other fields.
Lorenzo Simonelli, Chairman & CEO, BHGE said, “BHGE and
Equinor have partnered on some of the most challenging and
groundbreaking projects in the North Sea. This agreement further
cements our relationship with Equinor and demonstrates the value
that we can create through close, long-term collaboration with our
customers that reduces overall cost and streamlines equipment and
service deliveries.”
BHGE has a long history of supporting Equinor’s operations,
having provided advanced technology and services for some of the
company’s most transformational projects, and a track record of
solving challenges in the North Sea’s complex drilling
environments. Currently, BHGE provides fully integrated well
services on Equinor’s prolific Johan Sverdrup field as well as the
Askepott rig. On Johan Sverdrup, BHGE and the rig services provider
completed the first eight wells eight months ahead of schedule and
achieved 50% reduction in drilling days and costs.
About Baker Hughes, a GE company
Baker Hughes, a GE company (NYSE: BHGE) is the world’s first and
only fullstream provider of integrated oilfield products, services
and digital solutions. We deploy minds and machines to enhance
customer productivity, safety and environmental stewardship, while
minimizing costs and risks at every step of the energy value chain.
With operations in over 120 countries, we infuse over a century of
experience with the spirit of a startup – inventing smarter ways to
bring energy to the world. Visit us at BHGE.com.
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Baker Hughes, a GE companyStephanie Cathcart, +1 202 637
4108Stephanie.Cathcart@bhge.comorSilvia Danti, +44
7827882812Silvia.Danti@bhge.comorInvestor Relations:Philipp
Mueller, +1 281 809 9088investor.relations@BHGE.com
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