Baker Hughes bags integrated drilling services contract for Johan Sverdrup

July 06, 2015

STAVANGER, Norway -- Statoil has awarded Baker Hughes Norway the onshore contract for integrated drilling services for Johan Sverdrup.

The estimated contract value is $190 million (NOK 1.5 billion) and is valid for six years with a four-year extension option for the entire field life. The service will be provided locally from Stavanger.

For the Johan Sverdrup field, Statoil has decided to invite the market to tender for integrated services in order to reduce total well costs and achieve more efficient well services. Baker Hughes will therefore provide the whole range of services within:

Cementing and pumping
Completion
Drilling and completion fluids, as well as offshore handling of drill cuttings
Integrated drilling services.

Statoil has now signed several contracts to increase expertise and save costs, including this integrated drilling and well services contract for Johan Sverdrup.

Øivind Reinertsen, senior V.P. for the Johan Sverdrup field, said, “Drilling will commence in 2016. Together with Baker Hughes we will quickly establish an integrated operations team, working closely with the drilling and rig contractor Odfjell to plan and optimize well deliveries. This award will play an important part in driving performance and creating value for Johan Sverdrup.”