Statoil has extended drilling contracts with the three companies Archer, KCA Deutag and Odfjell Drilling, which will now service the Norwegian oil company until 2018, writes Statoil in a press release Thursday.
The company has exercised the options on several contracts which were entered into in 2012 and expire in 2016. The contract extensions have a total value of about NRK 5 billion, or USD 602 million, and the work concerns drilling and well service as well as the maintenance of drilling facilities.
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