Norway’s Statoil has awarded drilling contracts on the Norwegian Continental Shelf worth a combined Nkr30 billion ($5.1 billion), including options.
The contracts, which were awarded to KCA Deutag, Odfjell Drilling and Archer, cover the drilling of new wells, plugging of old wells, workovers and maintenance of drilling facilities on 18 of Statoil’s 20 fixed platforms on the NCS.
KCA will carry out contracts on Statoil’s Gullfaks A, B and C and Oseberg B, C, South and East installations, Odfjell’s contracts cover the Snorre A and B, Sleipner A, Heidrun, Njord, Visund , Grane and Brage installations, while Archer will perform work on the Statfjord A, B and C installations.
Statoil said the duration of the contracts was for four years plus options for three two-year extensions, which would potentially bring the total length of the contracts to 10 years, starting from October this year.
Odfjell said in a statement its award would amount to an annual contract value of Nkr1 billion to Nkr1.5 billion, with chief executive Simen Lieungh saying it would “secure long-term work” for the contractor based on a new operational model that integrates land-based with offshore drilling operations.
Source: Upstream Online