COSL Drilling Europe Inks Frame Agreement with PSW

Norway's PSW Group, a subsea and drilling services contractor, inked a frame agreement with China Oilfield Services Ltd.'s subsidiary COSL Drilling Europe to provide subsea and riser maintenance services for the latter's drilling rigs, the firm said Tuesday.

Under the contract, which covers a duration of 3 years plus an extension option for 2 years, PSW will inspect, maintain and repair marine risers and related subsea equipment for all COSL Drilling Europe’s drilling rigs starting April 2015 to 2018.

"PSW Group is humble and honored to be awarded this important contract from COSL and is very much looking forward to be a preferred partner and supplier. With this contract award, PSW Group will be the nation's leading inspection, maintenance and repair company for marine riser and related equipment”, company CEO Oddbjorn Haukoy said in the press release.

Work will be carried out at PSW's subsea & drilling facility at Mongstad, Norway -- close to COSL Drilling Europes logistical warehouse and therefore allowing for seamless and efficient cooperation and timely deliveries.

“(With) COSL Drilling Europe being a tier one supplier of purpose-built rigs for the mid-water segment in Norway, it is crucial that our equipment is correctly and well maintained at all times. Awarding this contract to PSW Group will give us the support and quality we need  in order to deliver the services we are known for,” says Jorgen Arnesen, CEO of COSL Drilling Europe.



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

WHAT DO YOU THINK?

Click on the button below to add a comment.
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
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE

More from this Author
Rigzone Staff
e-mail us at news@rigzone.com
 -  Petrofac Suspends Group Chief Operatin... (May 25)
 -  EnQuest On Track For Kraken First Oil ... (May 25)
 -  Energean Signs Lease Agreement for Exp... (May 25)
 -  Seadrill CEO Praises Workforce (May 24)
 -  Serinus Shuts-In Sabria Field Due to S... (May 23)


Most Popular Articles

From the Career Center
Jobs that may interest you
Mudlogger - NE Region
Expertise: Mud Logging
Location: Pennsylvania, PA
 
Equipment Operator - San Antonio
Expertise: Coil Tubing|Driller|Production Operator
Location: San Antonio, TX
 
Pump Operator San Antonio
Expertise: Coil Tubing
Location: San Antonio, TX
 
search for more jobs

Brent Crude Oil : $51.46/BBL 4.63%
Light Crude Oil : $48.9/BBL 4.78%
Natural Gas : $3.18/MMBtu 0.90%
Updated in last 24 hours