Equinor has let contracts to Baker Hughes, Halliburton, and Schlumberger for drilling and well services on Bacalhau field in the Santos basin off Brazil.
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 contracts have a firm period of 4 years and two 2-year options. The total value of the three contracts is estimated at $455 million.
Front end engineering and design (FEED) contracts with early commitments and pre-investments for Phase 1 development were awarded in January (OGJ Online, Jan. 30, 2020).
Bacalhau, 185 km from the coast of Sao Paulo, in 2,050 m water depth, will be the first greenfield development in the presalt by an international operator. A final investment decision is planned in 2021 with first oil expected in 2024. Phase 1 development capacity is 220,000 b/d.
Equinor is operator in Bacalhau (40%) with partners ExxonMobil (40%), Petrogal Brasil (20%), and Pré-sal Petróleo SA (PPSA, non-investor government agency).