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Equinor Extending Supplier Deals for Drilling, Well Services

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Equinor (EQNR) is extending key supplier deals for drilling and well services with an aggregate value of about 17 billion Norwegian kroner ($1.83 billion), the company said Monday.

It is exercising one-year options under three contracts for integrated drilling and well services, as well as two-year options under 18 company framework agreements for relevant specialist services.

The company said the drilling and well services deals are valued at 8.3 billion kroner and were awarded to Baker Hughes (BKR), Halliburton (HAL) and SLB (SLB).

The corporate framework agreements are pegged at 4.3 billion kroner per annum over two years, according to Equinor.

The company's shares were up 1.5% in premarket activity.

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