Norwegian state-owned energy giant Equinor is extending key supplier agreements for drilling and well services on the Norwegian Continental Shelf (NCS) with a combined value of around NOK 17 billion (approximately €1.56 billion), set to employ around 2,500 people.

Equinor reported today, May 4, that it was exercising one-year options under the three contracts for integrated drilling and well services on the NCS valued at NOK 8.3 billion, as well as two-year options under the 18 corporate framework agreements for specialist services linked to these deliveries, estimated at approximately NOK 4.3 billion annually over two years.