Statoil extends Baker Hughes drilling services contracts

Statoil has awarded Baker Hughes two-year extensions on two contracts in Norway.

Offshore staff

HOUSTON -- 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, and related services on 10 to 12 rigs operating in multiple fields, offshore Norway. Valued at approximately $270 million, the award extends the contracts through October 2012.

01/26/2010

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