Baker Hughes awarded contract extensions in Norway
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Statoil has awarded Baker Hughes two year extensions on two contracts in Norway. The contracts are for the provision of drill bits, directional drilling, formation evaluation (measurement while drilling, logging while drilling and mud logging) and related services on 10 - 12 rigs operating in multiple fields offshore Norway. Valued at approximately US$ 270 million, the award extends the contracts through October 2012.
Enhancing reservoir performance offshore Norway
The drilling and formation evaluation technology and services provided under the contract extensions help to optimise drilling efficiencies and enhance well placement in Statoil’s offshore Norway fields. Baker Hughes has a long term relationship with Statoil, and these contract extensions drive ongoing technology collaboration between the firms.
Published on 02/02/2010