Equinor Taps Baker Hughes For Multi-Year Plug And Abandonment Deal In North Sea
Written by Emily J. Thompson, Senior Investment Analyst
Source: Benzinga
Baker Hughes and Equinor Partnership: Baker Hughes has been selected by Equinor to lead a plug and abandonment project in Norway's Oseberg East field, marking the first assignment under a multi-year framework agreement aimed at enhancing efficiency and reducing costs through advanced technology.
Technological Innovations and Future Plans: The project will utilize Baker Hughes' proprietary technologies for safe well closures, with operations set to begin in 2026 and plans for a P&A Center of Excellence in Bergen and Stavanger to streamline oversight across the North Sea.
Analyst Views on IXC
Wall Street analysts forecast IXC stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for IXC is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
