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Statoil and partners make oil discovery in Barents Sea

Statoil awards US$1.5 billion worth of drilling contracts

Apr 03, 2018
2 min read
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Statoil has awarded drilling contracts worth Nkr12 billion (US$1.52 billion) to Archer, KCA Deutag and Odfjell Drilling for drilling services to 18 of Statoil’s fixed platforms.

The drilling deals comprise completion, intervention services, plugging, maintenance and modifications on the multiple platforms.

The contracts take effect from 1 October 2018, initially for a period of four years. The deals include three two-year extension options.

Statoil said in a statement that one of the intentions of the contracts is to improve the collaboration between Statoil, the drilling contractors and service contractors. A common incentive programme will stimulate safe and efficient operations through close collaboration and integration of work.

“These contract awards will help ensure safe and efficient well deliveries, and sustain a high level of activities on the Norwegian continental shelf. A resilient manpower base capable of performing the required scope of work has been an important selection criterion,” said Geir Tungesvik, Statoil’s senior vice president, drilling & well

Statoil’s chief procurement officer, Pål Eitrheim added: "The contracts provide us with a good foundation for close and predictable collaboration. We thus facilitate safe and efficient operations. The contracts are aimed at improving our joint competitiveness and enabling a sound level of activities."

In addition, Statoil has existing drilling contracts with Odfjell for Johan Sverdrup and Mariner, and KCA Deutag for de two Cat J rigs operating at Gullfaks and Oseberg.

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