Norwegian vitality main Equinor ASA has contracted Island Drilling Firm AS to plug wells on Equinor-operated fields on the Norwegian continental shelf (NCS). Equinor stated in a media launch the rig firm will deploy the Island Innovator to serve the three-year contract.
Equinor added that oil service corporations Archer Oiltools and Baker Hughes Norge have gained framework agreements for plugging providers.
Island Innovator is a cellular rig designed for effectively plugging, set to begin operation for Equinor in early 2026. The contract, valued at roughly $330 million, contains 5 one-year choices and covers mobilization, deliberate upgrades, and built-in drilling providers, Equinor stated.
- Advertisement -
“We are going to drill 600 improved oil restoration wells and about 250 exploration wells to take care of our manufacturing on the NCS in the direction of 2035. On the similar time, many wells will probably be completely securely plugged. This rig offers us with a device specifically designed for plugging operations. The preliminary plan is a three-year work program, however we don’t rule out using the rig for operations additionally in the long run,” Erik G. Kirkemo, Equinor’s senior vp for drilling and effectively, stated.
Island Innovator will completely plug 15 to twenty wells yearly throughout 9 licenses, sealing subsea wells at Heidrun, Snorre, and Norne, amongst others, Equinor stated.
In the meantime Equinor contracted Archer Oiltools and Baker Hughes Norge for full-range supply of plugging providers for 3 years, with two two-year choices. The whole worth of the built-in plugging providers over the subsequent seven years is estimated at NOK 3.5 billion ($333.6 million). Archer Oiltools is liable for planning the plugging of 26 wells for Island Innovator, with choices to carry out the work.
“By way of these contracts, the suppliers are concerned at an early stage and get a higher duty for planning the plugging operations, carefully monitored by Equinor, who has the general duty. We facilitate the industrialization of secure and environment friendly plugging operations, guaranteeing steady enhancements collectively. That is about guaranteeing high quality and decreasing prices for work that may regularly improve on the NCS sooner or later,” Mette H. Ottøy, Equinor’s chief procurement officer, stated.
To contact the writer, electronic mail andreson.n.paul@gmail.com
Generated by readers, the feedback included herein don’t mirror the views and opinions of Rigzone. All feedback are topic to editorial assessment. Off-topic, inappropriate or insulting feedback will probably be eliminated.
