Equinor Awards Light Well Intervention Contract To Akofs

Akofs Offshore has been awarded a contract for light well intervention services using the Akofs Seafarer vessel for all Equinor-operated (NYSE: EQNR) licenses in the period 2020 to 2025, the companies announced on June 19.

Equinor is the operator of about 560 subsea wells on stream on the Norwegian continental shelf. The wells require maintenance, repairs and new production actions. In 2017, Equinor performed 55 light well intervention operations, the average break-even for new production being less than $4/bbl.