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Extending Contracts For Drilling And Specialist Services Worth USD 20 Billion

Seabed is extending its contracts with Baker Hughes Norge, Halliburton AS, and Schlumberger Norge AS for integrated drilling and well services on Seabed-operated fields on the Norwegian continental shelf (NCS).

At the same time, the company is extending its contracts for additional services with the same companies and 13 other suppliers. The contracts will apply for two years from 1 June.

The contract extension for drilling services has an estimated total value of approximately USD 14 billion. It will give work to around 2000 people distributed on 18 fixed platforms and 12 mobile rigs.

The total value of specialist services in the same period is calculated at close to USD 6 billion. The specialist services will employ some 600 people.

In the drilling service contracts established in 2018, the services were gathered in one contract format, giving one supplier the primary responsibility for integrated drilling services, cementing and pumping, drilling and completion fluids, electrical logging, and completion on each installation.

Seabed will extend the specialist service contracts with the following suppliers:

  • The specialist services include electrical submersible pumps, downhole monitoring, tubing conveyed perforation, wired drill pipe, liner hanger, additional completion equipment and services, sand screens, fiber optics, fishing services, downhole mechanical isolation, multilateral technology, coring services, one trip steerable drilling liner system, and expandable hydraulic screens.

For more information, visit www.Seabeddrills.com

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