Norwegian energy major Equinor is extending key supplier agreements for drilling and well services, representing a total value of approximately NOK 17 billion. The contracts are designed to sustain production levels on the Norwegian Continental Shelf.

The company is exercising one-year options on three integrated services agreements, as well as two-year options on 18 framework agreements for specialist services. The integrated contracts are valued at NOK 8.3 billion, while the framework agreements are estimated at approximately NOK 4.3 billion per year.

Baker Hughes, Halliburton, and SLB have been awarded the integrated services contracts and are also among the 18 suppliers included in the framework agreements. The contracts are expected to support approximately 2,500 jobs.

According to Equinor, new wells are projected to account for roughly 70 percent of production by 2035, with the company aiming to maintain output at around 1.2 million barrels of oil equivalent per day.