STAVANGER, Norway – Equinor has, on behalf of the partners ExxonMobil and Petrogal Brasil, awarded Baker Hughes, Halliburton, and Schlumberger contracts for drilling and well services on the Bacalhau field offshore Brazil.
The total value of the three contracts is estimated at $455 million. The contracts have a firm period of four years and two two-year options.
The contract scope awarded to Baker Hughes covers drilling services and completion. Halliburton’s scope of work will include intervention services and liner hanger, while Schlumberger will deliver wireline services.
According to Equinor, the average local content of the three contracts, considering the majority of services will be performed in Brazil, is estimated at 74%.
Trond Bokn, acting senior vice president for project development in Equinor, said the final investment decision is planned for 2021.
Earlier this year, the partnership entered into front-end engineering and design contracts with early commitments and pre-investments for the Bacalhau field with MODEC for the FPSO and Subsea Integration Alliance for the SURF. The awards have an option for the execution phase under a lump sum turnkey contract setup which includes engineering, procurement, construction, and installation for the entire SURF and FPSO scopes.
Partners in Bacalhau are: Equinor 40% (operator), ExxonMobil 40%, Petrogal Brasil 20%, and Pré-sal Petróleo SA (PPSA, non-investor government agency).