Nasdaq-listed oilfield providers main Baker Hughes has been awarded two contracts by Norwegian operator Vår Energi, increasing its North Sea footprint in exploration logging, properly intervention know-how and subsea manufacturing techniques.
The primary contract is a nine-year engagement for properly intervention and exploration logging options to help Vår Energi in additional growing prospects within the Norwegian Continental Shelf.
Baker Hughes mentioned the settlement permits a seamless integration of its applied sciences into the broader operations of Vår Energi, “enabling a robust affect on their carbon discount efforts”.
The second contract, which spans 15 years, covers the supply of a bespoke Balder subject vertical tree system. The deal consists of help for present Balder legacy wells and any future developments within the Balder space.
“Baker Hughes has an in depth and profitable historical past of making worth for purchasers in Norway and the North Sea,” mentioned Maria Claudia Borras, government vp, of oilfield providers and tools at Baker Hughes. “The 2 long-term contract awards from Vår Energi allow us to deploy our superior portfolio not solely in properly intervention, but in addition in exploration logging and subsea manufacturing.”