Statoil awards new North Sea drilling contracts to KCA DEUTAG
ABERDEEN -- KCA DEUTAG has won a significant competitive tender for new drilling contracts from Statoil. The contracts awarded are to provide drilling operations, maintenance services and engineering support for the Gullfaks and Oseberg fields, totaling seven platform drilling rigs, on the Norwegian Continental Shelf.
The contract is for an initial period of four years with the option to extend by three further periods of two years each. Total revenue for the initial contract period is estimated to be in excess of $700 million, not including possible options.
KCA DEUTAG also operates the Kvitebjørn platform drilling rig for Statoil.