Trio wins $1.5bn Statoil drilling contracts

They cover the plugging, maintenance and modifications on 18 of Statoil’s fixed platforms

By Priyanka Shrestha

Norwegian energy giant Statoil has awarded drilling contracts worth NOK12 billion (£1.1bn) to three firms.

The agreements with Archer, KCA Deutag and Odfjell Drilling will come into effect on 1st October 2018, initially for a period of four years.

They cover the drilling, completion, intervention services, plugging, maintenance and modifications on 18 of Statoil’s fixed platforms, with the work expected to create around 2,000 jobs a year.