Statoil extends drilling services contracts with Schlumberger, Baker Hughes

Statoil (STL) has extended its contracts with Schlumberger Norge AS (SLB) and Baker Hughes Norge AS (BHI) for integrated drilling services. The extensions are valid for two years from the autumn of 2010. 

The contracts include delivery of directional drilling, measurement while drilling (MWD) and mud logging services for a total of 25 licenses on the Norwegian Continental Shelf (NCS). 

The total value is estimated at around NOK 2.5 billion (US $427 million) per year. 

The contract extensions are the result of a comprehensive process that Statoil has carried out to adjust costs in relation to the market for drilling and well services. 

As operator Statoil has furthermore contracts with other suppliers of similar services that are still under consideration. The contracts will help meet Statoil’s expectations to quality and enhanced efficiency.



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

Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

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...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs