TCO wins contract with Statoil

Offshore staff

ABERDEEN, UK TCO AS and its subsidiary TCO UK, providers of well completion technologies to the oil and gas industry, have secured a contract with Statoil AS worth 750 million NOK ($121.8 million).

The contract calls for TCO to provide chemical injection systems, and includes a framework contract for the scope of B-annulus system and barrier plugs for Statoil operations on the Norwegian continental shelf.

The initial contract period is two and a half years, with an optional additional period of six years thereafter.


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