Global drilling and engineering contractor KCA Deutag announces that its offshore business unit has been awarded a new drilling contract on five of Statoil's platforms operating in the Norwegian North Sea.
The contract is for the provision of drilling operations, maintenance services and engineering support for the Oseberg and Kvitebjørn fields.
The new contract will commence on 1 October 2018 and will run for four years with an additional option to extend by three further periods of two years each. The contract, including the options to extend, is worth up to $800M.
KCA Deutag already has responsibility for the management, operation and maintenance of the Askepott and Askeladden Category J jack-up rigs.
Commenting on the contract award Rune Lorentzen, President of Offshore said: "We are delighted to have been awarded this new contract in what continues to be a very competitive market. We have been working with Statoil for a number of years, and are looking forward to continuing this long-standing relationship."
About KCA DEUTAG
KCA DEUTAG is one of the largest international drilling contractors. The company employs 8,000 staff in more than 22 countries and it had revenue in 2012 of US$1.7 billion.
KCA DEUTAG is currently the drilling operations contractor on 39 offshore platforms worldwide and owns and operates a fleet of mobile offshore drilling units consisting of 2 jack-ups and 3 self erecting tender barges. The company also owns and operates a fleet of more than 60 land drilling rigs.
About Statoil
Statoil ASA (OSE: STL, NYSE: STO) is an international energy company with operations in more than 30 countries, present in several of the most important oil and gas provinces in the world. Building on more than 45 years of experience from oil and gas production on the Norwegian continental shelf, we are committed to accommodating the world's energy needs in a responsible manner, applying technology and creating innovative business solutions. Statoil is among the world's largest net sellers of crude oil and condensate, the second-largest supplier of natural gas to the European market, and we also have substantial processing and refining operations. Statoil’s equity oil and gas production is around 2 million barrels oil equivalent per day. Statoil has contracted a fleet of around 90 ship for transportation of oil and LNG.
Statoil is headquartered in Norway with 21,000 employees worldwide, and is listed on the New York and Oslo stock exchanges.