
Baker Hughes was awarded two contracts from Vår Energi in the North Sea for exploration logging, well intervention technology and subsea production systems. (Source: Shutterstock)
Baker Hughes was awarded two contracts from Vår Energi in the North Sea for exploration logging, well intervention technology and subsea production systems, Baker Hughes announced Sept. 29.
The first contract, a nine-year engagement, enhances well intervention and exploration logging services for Vår Energi, helping them further develop their prospects in the Norwegian Continental Shelf.
Baker Hughes’ second contract with Vår Energi will deliver a bespoke Balder field vertical tree system, a Baker Hughes technology selected for the complexities of this field. The agreement spans 15 years, making it a trusted long-term future agreement in one of Vår Energi’s core focus areas, the Balder field. The contract includes the support for existing Balder legacy wells and future developments in the Balder area.
Recommended Reading
Viper to Buy Diamondback Mineral, Royalty Interests in $4.45B Drop-Down
2025-01-30 - Working to reduce debt after a $26 billion acquisition of Endeavor Energy Resources, Diamondback will drop down $4.45 billion in mineral and royalty interests to its subsidiary Viper Energy.
EON Deal Adds Permian Interests, Restructures Balance Sheet
2025-02-11 - EON Resources Inc. will acquire Permian overriding royalty interests in a cash-and-equity deal with Pogo Royalty LLC, which has agreed to reduce certain liabilities and obligations owed to it by EON.
The Private Equity Puzzle: Rebuilding Portfolios After M&A Craze
2025-01-28 - In the Haynesville, Delaware and Utica, Post Oak Energy Capital is supporting companies determined to make a profitable footprint.
Viper Makes Leadership Changes Alongside Diamondback CEO Shakeup
2025-02-21 - Viper Energy is making leadership changes alongside a similar shake-up underway at its parent company Diamondback Energy.
Buying Time: Continuation Funds Easing Private Equity Exits
2025-01-31 - An emerging option to extend portfolio company deadlines is gaining momentum, eclipsing go-public strategies or M&A.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.