The contract incorporates total fluid management including related engineering, laboratory and reclamation services, and runs until 31 May 2022 with options for five two-year extensions. It has a potential value in excess of US$40 million through to 2022.
Christian Busengdal, Sinomine Specialty Fluids’ Business Director for Europe, said: “Our team are thrilled to receive this new long-term frame agreement and to continue playing a part in Equinor’s success. Since 2001, with our involvement in the Huldra field, through Kvitebjørn, Gudrun, Visund, Vega, Gullfaks and several others, we’ve seen cesium formate increase operational efficiency and safely deliver highly productive wells for Equinor. It’s very rewarding to see an operator truly recognize the combined value of drilling and completing in cesium formate fluids.”
Currently, Equinor’s planning teams are considering cesium formate for Martin Linge, Snorre, Visund and Gullfaks Satellite fields, with other projects in the pipeline.
Read the article online at: https://www.oilfieldtechnology.com/drilling-and-production/14102019/equinor-and-sinomine-specialty-fluids-sign-long-term-contract/