Equinor (EQNR) Extends Drilling Contracts Worth NOK $18.4B
EQNREquinor(EQNR) Zacks Investment Research·2024-03-15 23:26

Equinor ASA (EQNR) has reinforced its commitment to the Norwegian Continental Shelf by extending contracts for four years with three major drilling service providers.The agreements with Archer, KCA Deutag Drilling Norway and Odfjell Operations, estimated to be worth NOK 18.4 billion ($1.75 billion), promise to sustain employment and operational continuity in the region.The four-year extensions are pivotal for the energy sector, ensuring job retention for 2,000 individuals each year, with additional employme ...