Statoil awards $1.53 bln in deals

Norway

STAVANGER, April 3, 2018 – Statoil has awarded NOK 12 billion (USD 1.53 billion) in drilling contracts to Archer, KCA Deutag and Odfjell Drilling, the Norwegian major announced on Tuesday.

The work scope of the four-year deals, which can be extended by up to six years, includes “drilling, completion, intervention services, plugging, maintenance and modifications on 18 of Statoil’s fixed platforms,” the company said in a statement.

“These contract awards will help ensure safe and efficient well deliveries, and sustain a high level of activities on the Norwegian continental shelf,” said Geir Tungesvik, the company’s senior vice-president for drilling and well.

The news came as the topsides for the Martin Linge platform arrived in Norway after several delays including a deadly incident in 2017 when a crane collapsed onto the modules at a South Korean shipyard. Statoil took over operatorship of the Martin Linge field from Total in November 2017 in a USD 1.45-billion deal.