Schlumberger, Baker Hughes Garner Statoil Contracts

Statoil has awarded two integrated drilling service contracts to Schlumberger Norge and Baker Hughes Norge AS. With the options included, the contracts will have a total value of NOK1.8 billion (US$288 million).

The contracts' duration is 2 years with extension options of two times two years, commencing Sept. 1, 2006. The contracts cover delivery of directional drilling (MWD/LWD) and mud logging on several Statoil-operated fields in the Norwegian continental shelf.

“Schlumberger and Baker Hughes have been awarded the contracts because they supplied the best combined technical and commercial offers,” says Anders Opedal, vice president for procurements in the drilling and well technology business unit in Statoil’s Technology and Projects (T&P). “The companies are also suppliers of these services for other Statoil-operated licenses and have demonstrated a good health, safety, and environment (HSE) culture.”

Schlumberger Norge has been awarded integrated drilling services for the following fields: Heidrun, Sleipner, Volve, and exploration. In addition, the company will provide services in wildcat drilling. The contract is worth NOK420 million (US$67.2 million) without options.

Baker Hughes will carry out integrated drilling services on the Tyrihans fields in the Norwegian Sea. This contract, without options, is worth NOK80 million (US$12.8 million).

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