Statoil extends drilling services contracts with Archer, KCA Deutag

Offshore staff

STAVANGER, NorwayStatoil has awarded Archer Ltd. a two-year contract extension for platform drilling services.

Archer is currently the incumbent contractor for the Statfjord A, B, and C platforms and was additionally awarded the Njord, Sleipner A, Snorre A and B, and Visund platforms under this extension.

As a direct continuation of the current contracts, the extension will begin on Oct. 1. Archer said that Statoil exercised the first option following the original four-year contract, with two additional two-year extension options remaining.

The extension places Archer on eight of the total of 17 platforms covered within the contract scope. The company also maintains a lifetime contract with Statoil for the Veslefrikk platforms in the North Sea and will continue providing platform drilling services to Statoil’s Peregrino development offshore Brazil.

Statoil also retained KCA Deutag for drilling services on seven platforms offshore Norway.

The contract covers drilling operations, maintenance services and engineering support for the Gullfaks and Oseberg fields, and now runs until 2018 with two extension options.

Value of the extension is up to NOK 2 billion ($241 million).

KCA Deutag also operates the Kvitebjørn platform for Statoil under a separate contract and will manage, operate, and maintenance two Category J jackups for the operator offshore Norway next year.

03/31/2016

Share your news with Offshore at news@offshore-mag.com

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...