Statoil has awarded drilling contracts to Archer, KCA Deutag and Odfjell Drilling for drilling, completion, intervention services, plugging, maintenance and modifications on 18 of Statoil’s fixed platforms.
The contracts take effect from 1 October 2018, initially for a period of four years. The total value is estimated at more than NOK 12 billion. The contracts include three two-year extension options. The work will employ around 2000 people per year.

“Safe and efficient operations are our number one priority. These contract awards will help ensure safe and efficient well deliveries, and sustain a high level of activities on the Norwegian continental shelf. A resilient manpower base capable of performing the required scope of work has been an important selection criterion,” says Geir Tungesvik, Statoil’s senior vice president, drilling & well.

Long-term contracts will increase the predictability and ensure stable operating conditions for the suppliers and Statoil.

“The contracts provide us with a good foundation for close and predictable collaboration. We thus facilitate safe and efficient operations. The contracts are aimed at improving our joint competitiveness and enabling a sound level of activities,” says Statoil’s chief procurement officer, Pål Eitrheim.

One of the intentions of the contracts is to improve the collaboration between Statoil, the drilling contractors and service contractors. A common incentive programme will stimulate safe and efficient operations through close collaboration and integration of work.

The drilling contracts apply to the following installations:

FIELD - AWARD

Grane: Archer

Gullfaks A, B & C: Archer

Heidrun: Odfjell

Kvitebjørn: KCAD

Njord: Archer

Oseberg B, C, South & East: KCAD

Sleipner: Archer

Snorre A & B: Archer

Statfjord A, B & C: Archer

Visund: Archer

In addition, Statoil has existing drilling contracts with Odfjell for Johan Sverdrup and Mariner, and KCA Deutag for de two Cat J rigs operating at Gullfaks and Oseberg.

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.