Odfjell, Aibel Ink Cooperation Agreement for Drilling Upgrade Projects

Odfjell Drilling Technology AS

Odfjell Drilling Technology AS (ODT) and Aibel AS have signed a strategic cooperation agreement that will enable the two companies to submit joint tenders for large scale EPCI drilling upgrade projects in Norway. The move provides the Norwegian market with a substantial player with the expertise, ability and credentials required to execute major projects of this kind.

"By combining the two companies' respective expertise within drilling and EPCI, we are creating a strong EPCI contractor for the Norwegian market," said Bjornar Iversen, Executive Vice President of Odfjell Drilling Technology AS and Jan Skogseth, President of Aibel AS.

Complete Solution

 The main aim of the collaboration is to be able to participate in the major EPCI projects of the future that StatoilHydro, ConocoPhillips and other operators are planning. The partnership will be able to offer what the operators demand -- the delivery of a complete drilling EPCI solution where:

  • Aibel contributes its EPCI and project implementation expertise

Odfjell Drilling Technology AS, with its drilling-related operational understanding contributes engineering expertise, and expertise in the choice of equipment and configuration of drilling systems.