BJ Services AS, a Norwegian subsidiary of BJ Services Company, has been awarded a multiyear coiled tubing services contract by StatoilHydro ASA, covering all of its operations on the Norwegian Continental Shelf. The contract includes four years of operations with two two-year options to renew. It is among the largest coiled tubing services contracts ever awarded in Norway.
New Equipment, Crews Expected to Support Projects
As a result of the contract award, BJ Services will develop a sizable portfolio of new equipment and consider requirements for additional employees in Norway. Services are expected to begin October 1, 2010. The contract is also expected to provide opportunities to further develop and introduce proprietary coiled tubing technologies currently patented and in use by BJ in other areas of the world.
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