Offshore staff

STAVANGER, Norway – Statoil (OSE:STL, NYSE:STO) has awarded Schlumberger (NYSE:SLB) a four-year contract to provide electric wireline logging services on the Norwegian continental shelf (NCS).

“High quality logging services is fundamental to characterize reservoirs in the exploration and production phase. This increases our precision of estimating hydrocarbon volumes and increases recovery,” said Statoil’s senior vice president of exploration Erling Vågnes.

The awarded contract covers provision of electric wireline logging services such as open-hole logging, cased-hole logging, borehole seismic, and perforation services. It applies to all Statoil’s exploration and production licenses on the NCS.

The contract, valued at more than NOK 2 billion ($343 million), runs from Feb. 1, 2013, with options for extensions.

8/24/2012