Statoil lets drilling contract for Norwegian North Sea

Statoil has let a drilling contract to contractor KCA Deutag to provide drilling, maintenance, and engineering support for Oseberg and Kvitebjorn fields in the Norwegian North Sea.

Statoil has let a drilling contract to contractor KCA Deutag to provide drilling, maintenance, and engineering support for Oseberg and Kvitebjorn fields in the Norwegian North Sea.

The contract, effective Oct. 1, will run for 4 years with options to extend by three additional periods of 2 years each. The contract, including the options to extend, is worth up to $800 million, KCA Deutag said.

Statoil will change its name to Equinor later this year (OGJ Online, Mar. 16, 2018).

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