Equinor Awards Bacalhau Drilling & Well Services Contracts
services on the Bacalhau field in Brazil. The total value of the three contracts is estimated at USD 455 million. The contracts have a firm period of 4 years and two 2-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.
The awards are expected to make a significant contribution to local content in Brazil. The average local content of the three contracts, considering the majority of services will be performed in Brazil, is estimated at 74%.
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 FPSO and Subsea Integration Alliance for 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: Equinor 40 % (operator), ExxonMobil 40 %, Petrogal Brasil 20 % and Pré-sal Petróleo SA (PPSA, non-investor Government Agency).