Equinor has let a 2-year contract for platform drilling services to Archer Ltd. in Brazil.
The contract will begin in November 2024 in direct continuation of Archer’s current contract for drilling operations and maintenance on Equinor’s Peregrino A and B platforms and includes an optional 2-year extension period. The estimated firm contract value is $40 million.
In February, Equinor extended a contract with Wood to deliver maintenance and modification solutions to the Peregrino assets. According to Equinor, more than 220 million bbl have been produced at Peregrino since 2011. With production of 110,000 b/d of oil, Peregrino is the largest producing field operated by Equinor outside of Norway (OGJ Online, Feb. 1, 2024).
Peregrino Phase 2 produced its first oil in 2022 and will extend the life of the field until 2040. It will also add 250-300 million bbl of oil to the asset, according to Equinor’s website. The field consists of an FPSO accompanied by three fixed platforms: Alfa, Bravo, and Charlie.
