Potential 10 year deal
KCA Deutag contract worth up to $800m
Contract has potential to run for 10 years
Drilling and engineering contractor KCA Deutag’s offshore business has been awarded a contract on five of Statoil’s platforms in the Norwegian North Sea.
The Aberdeen-based firm will provide drilling operations, maintenance services and engineering support for the Oseberg and Kvitebjørn fields.
The contract starts on 1 October and will run for four years with an additional option to extend by three further periods of two years each. The full 10-year contract 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.
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.”