WELL services firm Altus Intervention AS has secured a long-term frame agreement with Equinor for work on 22 installations worth around £214,000.
It includes the provision of fully integrated intervention services, including mechanical wireline, cased hole logging and tractor conveyance.
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The agreement, which begins in May, has a fixed duration of 5 years with potentially three two-year options.
Cathrine Bjaarstad, Altus Intervention AS managing director, said: “At a critical time for the industry, this contract recognises some unique and material shifts in capability for well intervention.
“The scope will be led and executed as one integrated delivery by Altus together with our service partners. At the heart of this is an active collaboration model with Equinor enabling the continued development and investment in our employees, new technology and digital solutions “.
Altus Intervention employs approximately 1,100 people and has operations in twelve countries across Scandinavia, UK, North America, Middle East, Africa and Asia.
Its Aberdeen office is based in Portlethen.
