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.

01/22/2014

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

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 ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...