STATOIL CONTRACTS: NOK 12 BLN
STATOIL - Statoil has awarded drilling contracts to Archer, KCA Deutag and Odfjell Drilling for drilling, completion, intervention services, plugging, maintenance and modifications on 18 of Statoil's fixed platforms.
The contracts take effect from 1 October 2018, initially for a period of four years. The total value is estimated at more than NOK 12 billion. The contracts include three two-year extension options. The work will employ around 2000 people per year.
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