🇳🇴 Equinor: NOK 17 billion for continued drilling on the Norwegian continental shelf

Oslo, Norway – May 4, 2026 – Equinor is extending key supplier agreements for drilling and well services with a combined value of around NOK 17 billion. The agreements will maintain production from the Norwegian continental shelf, ensure high activity, and contribute to stable energy supplies to Europe.

Equinor is exercising one-year options under the three contracts for integrated drilling and well services, as well as two-year options under the 18 corporate framework agreements for specialist services linked to these deliveries.

The integrated drilling and well services agreements are valued at NOK 8.3 billion, while the corporate framework agreements for specialist services are estimated at approximately NOK 4.3 billion per year over two years.

Contract Awards:

• Integrated Drilling and Well Services: Baker Hughes Norge AS, Halliburton AS, and SLB Norge AS
• Specialist Services: 15 additional suppliers, including Weatherford Norge AS, Roxar Flow Measurement AS, Archer Oiltools AS, Interwell Norway AS, and others

“These agreements are among the largest we have, and they are crucial for activity on the Norwegian continental shelf. New wells enable us to maintain high production and deliver stable energy to Europe. This is particularly important at a time of turbulence in the energy markets,” says Jannicke Nilsson, Chief Procurement Officer at Equinor.

The agreements will employ around 2,500 people and cover activity on both fixed installations and mobile rigs on the Norwegian continental shelf.

“New wells are expected to account for around 70 percent of Equinor’s production in 2035. This involves both more wells and more well interventions, which must be delivered faster and significantly more cost-efficiently than today. That requires closer collaboration with the supplier industry and increased use of technology and standardization,” says Rune Nedregaard, Equinor’s Senior Vice President for Wells.

“We are now moving to a greater extent towards industry standards. Together with our suppliers, we will use this to simplify work processes, reduce costs, and increase pace, while maintaining safety,” Nedregaard continues.

Drilling and Well Service Agreements

Baker Hughes: Grane, Oseberg B-C-Øst-Sør, Visund A, Heidrun, Askepott, Johan Sverdrup DP, Shelf Drilling Barsk, Deepsea Bergen, Transocean Encourage, COSL Promoter, Transocean Norge, Transocean Spitsbergen

Halliburton: Askepott, Njord A, Heidrun, Snorre A-B, Kvitebjørn, Shelf Drilling Barsk, Transocean Enabler, Transocean Spitsbergen

SLB: Gullfaks A-B-C, Kvitebjørn, Statfjord A-B-C, Visund A, Deepsea Stavanger, Askeladden, Shelf Drilling Barsk, Deepsea Aberdeen, COSL Innovator, Transocean Norge, Transocean Spitsbergen

Specialist Services

The specialist services include electrical submersible pumps, downhole monitoring, tubing conveyed perforation, wired drill pipe, liner hanger, sand screens, fiber optics, fishing services, and more.

Originally published on May 4, 2026 by Equinor.