Press Releases May 28, 2026 07:00 AM

Baker Hughes, Equinor Extend Significant Contracts to Support North Sea Energy Production

Baker Hughes extends multi-year contracts with Equinor to support North Sea offshore energy development and well interventions

By Sofia Navarro BKR

Baker Hughes has secured multi-year contract extensions with Equinor to provide integrated drilling and well intervention services in the North Sea. The contracts support both mature and greenfield offshore projects, leveraging advanced technologies such as autonomous well construction and reservoir mapping. These collaborations aim to optimize hydrocarbon production and reduce emissions on the Norwegian Continental Shelf.

Baker Hughes, Equinor Extend Significant Contracts to Support North Sea Energy Production
BKR

Key Points

  • Baker Hughes will deploy holistic drilling and well services for Equinor's offshore projects, encompassing greenfield and mature fields.
  • Advanced technologies like Kantori™ autonomous well construction and TRU-ARMS™ reservoir mapping will be used to enhance efficiency.
  • The intervention contract focuses on extending the life and improving performance of existing wells while supporting emissions reduction through the PRIME Technology Platform.
  • Integrated drilling and well services solutions support developments offshore Norway
  • Intervention services extend the life and performance of existing wells in the North Sea

HOUSTON and LONDON, May 28, 2026 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR), an energy technology company, announced Thursday two significant contract extensions with Equinor to provide integrated drilling and well services solutions, as well as wireline intervention services. These multi-year extensions will support Equinor’s offshore hydrocarbon production goals in the North Sea.

Under the integrated drilling and well services contract, Baker Hughes will deploy holistic solutions for projects in both mature and greenfield developments. Baker Hughes will leverage capabilities across its Well Construction and Completions, Intervention and Measurement portfolios to support development on the Norwegian continental shelf. Advanced technologies, including Kantori™ autonomous well construction solution and TRU-ARMS™ advanced reservoir mapping services, will be used to efficiently develop offshore resources.

Under the intervention contract, Baker Hughes will provide fully integrated intervention services that combine its suite of surface and downhole solutions with complementary technologies from service partners to extend the life and performance of offshore wells in the North Sea. The contract extension will expand the scope of service delivery of the Baker Hughes technology portfolio centered around the PRIME Technology Platform, supporting production optimization and emissions reduction across the Norwegian Continental Shelf.

“Baker Hughes’ ability to provide holistic solutions that unlock incremental value for our customers has been proven through decades of operation in the North Sea,” said Baker Hughes Executive Vice President of Oilfield Services & Equipment Amerino Gatti. “From greenfield well construction operations to interventions that extend the life of mature fields, our innovative technologies and ability to integrate our services can help create a more secure energy future for Norway and all of Europe. We look forward to being part of this new chapter of collaboration with Equinor.”

Baker Hughes has played a key role in Norway’s energy sector for decades, with thousands of employees and facilities across the country. Earlier this year, the company opened its new Subsea Services Center of Excellence and manufacturing plant in Dusavik, and it operates a Center of Excellence for Plug & Abandonment in Stavanger.

About Baker Hughes
Baker Hughes (NASDAQ: BKR) is an energy technology company that provides solutions to energy and industrial customers worldwide. Built on a century of experience and conducting business in over 120 countries, our innovative technologies and services are taking energy forward – making it safer, cleaner and more efficient for people and the planet. Visit us at bakerhughes.com.

For more information, please contact:

Media Relations

Brian Reynolds
+1 346-315-6663
[email protected]

Investor Relations:

Chase Mulvehill
+1 346-297-2561
[email protected]


Risks

  • Dependence on continued offshore drilling activity and regulatory environment in the North Sea, which can be subject to changes affecting contract execution.
  • Operational risks associated with deploying advanced technologies and managing complex offshore projects in challenging environments.
  • Potential fluctuations in hydrocarbon production levels and commodity prices impacting demand for services and solutions.

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