Equinor awarding framework contracts for integrated wireline services

Altus Intervention AS and Archer Integrated Services AS have been awarded framework contracts for supplying integrated wireline services within well intervention to Equinor’s fixed platforms. The estimated total value of the contracts is close to one billion NOK per year, and the contracts are awarded for a fixed period of around five years from May 2021.

The contracts include three two-year extension options. Optionality for wireline services to other areas, such as mobile units, are also included.

The supplier companies have their main offices in Stavanger and Sandnes and the contracts are estimated to employ around 500 people.

The new intervention contracts will cover a total responsibility for wireline intervention services. Separate contracts used to be awarded for cable and mechanical services, perforation, logging as well as tractor and electro-mechanical services.

All these services will now be covered by the integrated wireline services, and the suppliers have formed alliances to be able to offer complete deliveries.

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Press release Submitted by: Equinor