Statoil agrees to mooring terms

Statoil has awarded Deep Sea Mooring a three-year frame agreement to provide mooring services to its rigs in the Norwegian sector.

Offshore staff

BERGEN, Norway -- Statoil has awarded Deep Sea Mooring a three-year frame agreement to provide mooring services to its rigs in the Norwegian sector.

There is also an option for two one-year extensions. Deep Sea Mooring, part of the Odfjell Well Services Group, estimates the value of the contract at NOK 300-500 million ($49-82 million) over the three first years.

The company, established in 2008, operates from two bases in Norway at Mongstad outside Bergen and Vestbase outside Kristiansund.

09/16/2010

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