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Vår Energi and Halliburton to enter strategic relationship

Published by , Editorial Assistant
Oilfield Technology,

Vår Energi and Halliburton intend to enter a long-term strategic relationship for drilling services to further improve drilling and well performance and enhance value creation. The planned relationship covers drilling services related to exploration and production drilling for Vår Energi across the entire Norwegian Continental Shelf.

The planned relationship has a duration of five years with options for an additional four years in total.

Ingrid Sølvberg, Vår Energi EVP Technology, Drilling and Subsurface, said: “We are on track to deliver on our 2025 production target, an increase of more than 50% from today’s level. Combined with our exploration capabilities, teaming up with Halliburton will be a key enabler in meeting our ambitious long-term growth targets. Collaboration with strong partners will be a driving force in technology development, contribute to reducing costs and emissions, while also improving efficiency and HSE performance.”

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