Statoil ASA signed a $115 million contract with Archer to plug and abandon 12 gas wells of Heimdal field in the Norwegian North Sea.
Statoil expects operations to begin in second-half 2014. The contract will last 34 months and includes four extension options of 3 months each.
Archer plans to use the modular rig Archer Topaz to complete this project. This is Archer’s second modular rig, but marks the first time Archer has used a modular rig in the North Sea.
The rig-hoisting system is rack and pinion driven, which is a new design for the North Sea, Archer said.