Statoil extends drilling services contracts with Archer, KCA Deutag

Statoil has awarded Archer Ltd. a two-year contract extension for platform drilling services.

Offshore staff

STAVANGER, NorwayStatoil has awarded Archer Ltd. a two-year contract extension for platform drilling services.

Archer is currently the incumbent contractor for theStatfjord A, B, and C platforms and was additionally awarded the Njord, Sleipner A, Snorre A and B, and Visund platforms under this extension.

As a direct continuation of the current contracts, the extension will begin on Oct. 1. Archer said that Statoil exercised the first option following the original four-year contract, with two additional two-year extension options remaining.

The extension places Archer on eight of the total of 17 platforms covered within the contract scope. The company also maintains a lifetime contract with Statoil for the Veslefrikk platforms in theNorth Sea and will continue providing platform drilling services to Statoil’s Peregrino development offshore Brazil.

Statoil also retained KCA Deutag for drilling services on seven platforms offshore Norway.

The contract covers drilling operations, maintenance services and engineering support for theGullfaks and Oseberg fields, and now runs until 2018 with two extension options.

Value of the extension is up to NOK 2 billion ($241 million).

KCA Deutag also operates the Kvitebjørn platform for Statoil under a separate contract and will manage, operate, and maintenance twoCategory J jackups for the operator offshore Norway next year.

03/31/2016

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