Increased production drilling for Odfjell Drilling

abarrelfullabarrelfull wrote on 22 May 2012 11:20
Tags: europe norway odfjell services statoil

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Odfjell Drilling has been awarded a contract for production drilling, maintenance and modifications of eight of Statoil’s fixed installations on the Norwegian continental shelf. The contract has an estimated annual value of NOK 1 to 1.5 billion.

“The contract is based on our innovative operating model for the performance of drilling services on fixed installations. It increases the scope of Odfjell Drilling’s work on Statoil’s installations and secures long-term assignments that are crucial in relation to developing our offshore and onshore organisation in Norway,” says CEO Simen Lieungh.

The contract has a duration of four years plus options of three times two years. It includes the following installations: Brage, Grane, Visund, Heidrun, Njord, Snorre A, Snorre B and Sleipner A.

The total contract volume is estimated to be between NOK 1 and NOK 1.5 billion per year.

The activities on Brage and Njord are new in relation to Odfjell Drilling’s current contract with Statoil. The contract also means we have to recruit new employees.
“We have put extensive effort into developing our model for integrated operations. It enables us to exploit the possibilities for cooperation and sharing of information between the offshore and onshore organisations in a new way, and we are looking forward to delivering safe, efficient and predictable services to Statoil for many years to come. The operating model is the result of excellent cooperation with the safety delegate service and the trade unions in Odfjell Drilling,” says Mr Lieungh.

Odfjell Drilling has been a long-standing supplier of production drilling services to Statoil on the Norwegian continental shelf. At the same time, the company has developed an extensive competence pool of around 500 engineers who deliver services relating to drilling, operations, maintenance and modifications of both fixed and mobile drilling rigs.

Odfjell Drilling is currently performing production drilling services for BP and Talisman on the British continental shelf in addition to for Statoil on the Norwegian continental shelf. The new contract means that Odfjell Drilling will be responsible for production drilling on a total of 20 installations on the Norwegian and British continental shelves.

In addition to production drilling, Odfjell Drilling owns and operates seven drilling rigs and drillships on the Norwegian continental shelf and in Angola, Tanzania and Brazil.

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