Offshore staff

OSLO, Norway --Hydro has issued framework agreements to three companies for advanced well steering services and equipment. The contracts, with a total value of around $116.45 million, relate mainly to the Brage, Grane, Oseberg, and Troll field developments in the Norwegian North Sea.

Baker Oil Tools, Schlumberger, and WellDynamics will provide equipment suitable for steering of multilaterals and single bore wells covering several zones. Hydro says it wants to extend its experience with advanced zone steering on Troll, where it has drilled wells with six branches, to all its Norwegian fields.

WellDynamics' contract relates to Brage, Grane, and Oseberg, while the other two contractors secured agreements for Troll. The remainder of the overall contract value is connected with deliveries to smaller fields. All the agreements have a two-year duration, with optional extensions of up to six years.

5/9/2007