Equinor Signs Altus, Archer for Integrated Wireline Services
The $120 million per year, 5-year contracts will provide well-intervention services to Equinor’s fixed platforms.
Two Norwegian well-intervention specialists, Altus Intervention AS and Archer Integrated Services AS have been awarded framework contracts for supplying integrated wireline services for well intervention to Equinor’s fixed platforms. The estimated total value of the contracts is close to $120 million per year.
The 5-year agreement, beginning in May, includes the provision of fully integrated intervention services including cased-hole mechanical wireline services, tractor and powered mechanical services, and electric-line logging services on a total of 22 installations.
Focus areas will include use of technology and digital solutions, emission reductions, operational cost savings, and potentially remote operations by moving personnel from offshore to onshore locations.
In the past, Equinor awarded separate contracts for cable and mechanical services, perforation, logging, and tractor and electro-mechanical services.
“At a critical time for the industry, this contract recognizes some unique and material shifts in capability for well intervention,” said Cathrine Bjaarstad, managing director of Altus. “At the heart of this is an active collaboration model with Equinor enabling the continued development and investment in our employees, new technology, and digital solutions.”
“As our platform drilling division is currently performing drilling operations on the Gullfaks and Statfjord platforms, we can further integrate and collaborate to offer a more efficient utilization of resources on these assets through cross training, operational synergies, and optimization of personnel,” Dag Skindlo, CEO of Archer, said. “This model will provide a meaningful cost savings to our client, in addition to supporting our industry’s goals of reducing carbon footprint and lessening of environmental impact.”
The contracts include options for three 2-year extensions and for running wireline services to mobile units.
“We want to move in the same direction as we do in other parts of our drilling and well operations, with onshore operations centers supporting several offshore operations,” said Erik G. Kirkemo, Equinor’s senior vice president for drilling and well operations.
“This is the result of a long-term strategy to achieve more holistic solutions, and an opportunity to modernize the intervention services. It will give the suppliers stronger authority and responsibility and enable more performance-based compensation schemes,” Peggy Krantz-Underland, Equinor’s chief procurement officer, added.
Alliance partners have been selected to deliver the scope of work: Archer has teamed with Welltec and Schlumberger, as well as Archer’s Platform Drilling division, while Altus is collaborating with Baker Hughes Norge.
The contracts are estimated to employ around 500 people.
Areas of responsibility:
Altus Intervention—Gina Krog, Grane, Gudrun, Johan Sverdrup, Kvitebjørn, Oseberg, Martin Linge, Sleipner, Valemon, Veslefrikk, Heidrun, Snorre, and Visund
Archer Integrated Services—Gullfaks and Statfjord