Statoil Signs Frame Deals for Well Services
Statoil has signed frame agreements for sidetrack operations and undesirable objects recovery from wells (fishing) on Statoil-operated Norwegian continental shelf licenses.
The deals have been signed with Baker Hughes Norge AS, Weatherford Norge AS and supplier-of-choice, Smith International Norway AS.
The agreements run until June 30, 2009, with options for up to a further four years. Together they have an estimated value in the order of US$80-100 million.
The agreements involve Statoil having secured access to essential equipment and personnel in relation to sidetrack operations where existing drilling holes are used to drill new wells.
Operates 1 Offshore Rigs
- Statoil May Build Onshore Terminal for Castberg Oil -Minister (Jan 16)
- Canadian Offshore Oil Interest Grows As Pipeline Woes Sink Alberta Prices (Dec 20)
- Sharp Fall In Applications For Norway's Arctic Oil Permits (Dec 05)
Company: Weatherford International more info
- US Oil Service Firms Face Hit from Venezuela Debt Restructuring (Nov 06)
- Weatherford Names Former Halliburton CFO Its New Chief (Mar 07)
- Document: Algeria's Sonatrach Awards $180M in Oil Service Contracts (May 08)
Company: Baker Hughes more info
- Baker Hughes: Oil Drillers In Canada Boost Rigs To 10-Month High (Jan 12)
- Baker Hughes: US Oil Rig Count Ends 2017 40% Above Year-Ago Levels (Dec 29)
- Baker Hughes: US Drillers Add The Most Oil Rigs In A Week Since June (Nov 10)
Company: Smith International, Inc. more info
- Schlumberger, Smith Offer to Repurchase up to $1.87B in Debt (Sep 22)
- Schlumberger Finalizes $11B Merger with Smith International (Aug 30)
- US Dept. of Justice OKs Schlumberger-Smith Merger (Jul 27)