BP announced that the recently awarded Platform Drilling Contract with Seawell Norge AS is for a 5-year term, plus option periods, for all BP Norge's platform facilities. In addition to this Seawell Norge is also going to execute the work for the Ula platform rig ready for operations refurbishment.
The values of these contracts reaches NOK 2.5 billion for platform drilling and maintenance services over five years and NOK 125 million in the upgrading of Ula drilling rig, where drilling will commence in 2009.
"These contracts are key milestones in the continued development of Ula. The outcome will help us to secure an extended and profitable field life to 2028 and beyond," said Trevor Garlick, Managing Director of BP Norge.
BP Norge currently operates four producing fields offshore Norway; Ula, Tambar, Valhall, Hod and hold 13 licenses,10 as operator. Ongoing investments are around NOK 45 billion in two major development projects: Skarv FPSO and a new combined and production and hotel platform at Valhall. The company currently employs 670 staff members and expects to increase that by another 140.
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