KCA Deutag awarded $800M contracts

13 April 2018

KCA Deutag announces that its offshore business unit has been awarded a new drilling contract on five of Statoil’s platforms operating in the Norwegian North Sea.

Drilling contract

The contract is for the provision of drilling operations, maintenance services and engineering support for the Oseberg and Kvitebjørn fields.

The new contract will commence on 1 October 2018 and will run for four years with an additional option to extend by three further periods of two years each. The contract, including the options to extend, is worth up to USD 800M.