Contract for Schlumberger

September 2, 1999, 17:00 CEST

A contract worth NOK 500-1,000 million for electrical well logging has been awarded by Statoil to Schlumberger Offshore Services.

Due to run for six years, including renewal options, the job covers a series of Norwegian fields as well as exploration off Norway. It can also be extended to other fields in these waters or elsewhere.

The ultimate value of the contract will depend on the level of activity in Statoil over its lifetime, says Arnfinn Braut, project manager for drilling and well technology procurement.

The contract initially covers Statfjord, the Statfjord satellites, Gullfaks, Huldra, Sleipner East and West, Yme, Troll and Veslefrikk in the North Sea, plus Norne, Heidrun and the Heidrun satellites in the Norwegian Sea.

This is the ninth and last in Statoil's present round of drilling and well services contracts. They all come into force this autumn, and have a combined value of NOK 4-5 billion.