Statoil secures additional rig capacity - Norway Exports

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Statoil secures additional rig capacity

Statoil and its partners have entered into contracts for use of the Bideford Dolphin, Stena Don and Scarabeo 5 rigs on the Norwegian continental shelf.

The contracts have a total value of NOK 9,17 billion, excluding potential options.

The rigs will be used for production drilling for several fast-track developments as well as drilling and completion on the Norwegian shelf.

"Securing three rigs in the current market represents a real achievement for the Norwegian shelf. The rig capacity we have secured in these contracts will contribute to achieving our production targets towards 2020, through production drilling on several of our legacy assets and starting production from fast-track developments," says Øystein Michelsen, executive vice president Development and Production Norway in Statoil.

"Increasing recovery from existing fields is important for Statoil. Drilling and well maintenance provide the greatest contribution to improved recovery, and it is therefore very positive that we have secured this rig capacity," says Øystein Arvid Håland, head of drilling and well in Statoil.

Associated companies:


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