Drilling contracts worth NOK 30 billion

On behalf of relevant licensees, Statoil has awarded contracts for drilling services on as many as 18 fixed installations on the Norwegian continental shelf (NCS). The contracts are worth a total of NOK 30 billion, including options. This represents the biggest contract award by Statoil on the NCS since 2010. KCA Deutag, Odfjell Drilling and Archer have been awarded the contracts, which includes drilling of new wells, plugging of old wells, workover and maintenance of drilling facilities on 18 of Statoil’s 20 fixed platforms on the NCS.

Statoil is cooperating closely with the supplier industry, which has an essential role, both with regard to operations and development projects on Statoil operated fields. 95% of all drilling services on a platform are provided by supplier companies. The duration of the contracts is four years plus options for three times two-year extensions, totaling 10 years.

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