Finance & Investing
News Services
Newsletters
Get free industry updates via email.
Daily News
Weekly News
Equipment Updates
Weekly Job Register
Monthly Event Guide
Our privacy
pledge.


advertisement

Archer Wins Statoil Rig Contract

change text size

Oilfield services supplier Archer announced Monday it has secured a contract with Statoil for the permanent plugging and abandonment of 12 gas wells on the Heimdal field in the Norwegian North Sea. The firm said the work will use its modular rig, the Archer Topaz.

The total contract value, including the startup, operating and decommissioning phases, is estimated at $115 million. Operations are expected to begin in the second half of 2014 and the contract duration is 34 months with four option periods of three months each.

Carrying out plugging and abandonment operations on a modular rig is a first for Archer and the industry as a whole. The firm said it represents a major advancement for the industry and will see safer, faster, more efficient plugging and abandonment operations with fewer people on board.

Archer said its Archer Topaz rig has been developed to meet the specific requirements of the Heimdal contract which includes flexibility for the client as regards quick installation and removal times.

Kjetil Bjørnson, Archer's general manager for the North Sea region, commented in a company statement:

"This modular rig contract for Archer in the North Sea represents an important strategic move in the direction of offshore plugging and abandonment solutions. We are excited to secure our first modular rig contract in the North Sea, which is the market the modular rig was designed for."

The rig will be operated by Statoil along with its partners Total, Centrica and Petoro.
 

 



Have a news tip? Share it with Rigzone!
Email news@rigzone.com

WHAT DO YOU THINK?

Post a Comment Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies

More from this Author
Rigzone Staff
e-mail us at news@rigzone.com
 -  Jurong Shipyard Bags MODEC's FPSO Cont... (Oct 20)
 -  Wressle-1 Well Confirms Potential Hydr... (Oct 20)
 -  Xcite Signs Services Deal with Baker H... (Oct 20)
 -  Sidi Moussa Well Offshore Morocco Find... (Oct 20)
 -  Santos' 3Q 2014 Sales Revenue Up 4% to... (Oct 17)
Most Popular Articles
From the Career Center
Jobs that may interest you
Dispatcher
Expertise: Dispatcher
Location: Broussard, LA
 
Data Analyst (Mud Logging)
Expertise: Mud Logging
Location: Youngsville, LA
 
Field Service Technician
Expertise: Field Service Tech
Location: Houston, TX
 
search for more jobs