BHGE Secures 3-Year Subsea Services Contract Extension From Equinor
STAVANGER—27 August 2018: Baker Hughes, a GE company (NYSE: BHGE) has received a three-year extension to a subsea services frame agreement with Equinor for its operations on the Norwegian Continental Shelf. BHGE will provide support for several installations including Troll, Snorre B and Tordis/Vigdis, with the deal marking more than 40-years of collaboration between the two companies.
Services support will be provided locally by BHGE’s Stavanger facility, one of the company’s largest sites globally for subsea services, and its offices in Bergen. BHGE has a well-established footprint in Norway, including its global Centre of Excellence (CoE) for subsea manifolds and connection systems, along with office and workshop facilities including Sandvika (Oslo), Trondheim, Hammerfest, Kristiansund and Stord. The state-of-the-art Stavanger facility has been a key resource for the offshore industry since 1974, and will provide Equinor with a wide range of aftermarket and life-of-field services, from manufacturing, assembly, inspection and engineering, to repair, testing, offshore field service support and well intervention.
Tom Huuse, Norway Regional Leader for BHGE’s Oilfield Equipment business, said: “We are committed to reinforcing our long-standing collaboration and relationship with Equinor, and this continued partnership not only builds on that but also provides a framework for them to benefit from our extensive in-country capabilities and the expertise of more than 1,600 committed and experienced employees. We look forward to further supporting Equinor in enhancing uptime, driving operational efficiency and boosting productivity.”
BHGE was recently chosen as Equinor’s main drilling and well services provider for eight rigs responsible for the development of three of its most prolific and active fields in the NCS - Troll, Oseberg and Grane.
Stavanger is also the home of BHGE’s Technology Solutions Centre for oil and gas, a hub for industry participants and the local community to meet, discuss and leverage opportunities for technology development, collaboration, training and to foster new talent for the future of the energy sector.
About Baker Hughes, a GE company
Baker Hughes, a GE company (NYSE: BHGE) is the world’s first and only fullstream provider of integrated oilfield products, services and digital solutions. We deploy minds and machines to enhance customer productivity, safety and environmental stewardship, while minimizing costs and risks at every step of the energy value chain. With operations in over 120 countries, we infuse over a century of experience with the spirit of a startup – inventing smarter ways to bring energy to the world. Visit us at BHGE.com.