SHARE
Image courtesy of Harald Pettersen/Statoil ASA.

Schlumberger Norway won a two year drilling services contract with Norway’s Statoil.

The contract is worth US$180 million (NOK 1.5 billion).

Schlumberger will provide integrated drilling services at six of Statoil’s Norwegian Continental Shelf licenses, Statoil said Friday.

The licenses include the Gullfaks, Gullfaks Satellites, Snorre, Statfjord, Tordis/Vigdis and Visund plays.

Schlumberger will provide directional drilling, measurement while drilling, logging while drilling and mud logging services.

Schlumberger will also deliver RT data transfer, integrated operations, onshore support, drilling optimization and drilling equipment.

The agreement also covers exploration drilling on the Norwegian Continental Shelf.

The deal is effective September 1, 2014 and has three optional two-year extensions.

The contract will create 350 jobs over the next two years, Statoil said.

“The contract secures supply of services and competent personnel, which ensures cost efficient operations through standardization and focus on the quality of tools and services,” Statoil’s Senior Vice President of Drilling and Well Geir Tungesvik said.