Archer Takes Five Platforms From Odfjell

Published at 04:17PM - 31/03/16

Archer takes five platforms from rival Odfjell Drilling, in a reshuffle of drilling contractors by the operator Statoil.

Statoil announced earlier today that it had extended all existing drilling contracts, right across its Norwegian sector portfolio, in deals woth around US$600 million.

However the two year extension for each platform came with mixed reviews, as the announcement also brought a reshuffle of management.

Archer Takes Five Platforms From Odfjell

All drilling and drilling maintenance activity on Statoil’s Norwegian assets is currently undertaken by the three contractors, Archer, KCA Deutag and Odfjell Drilling.

KCA Deutag’s workload remains unchanged in the announcement, with the UK based drilling contractor continuing to operate on the Oseberg B, C, South, East; Gullfaks A, B, C platforms.

Five platforms, the Njord; Sleipner A; Snorre A and B; and Visund have been transferred as part of the extension form Odfjell Drilling to rival Archer.

Statoil hasn’t given any comment to its actions, but the move now sees Odfjell operating only two platforms out of a total portfolio of 17, the Grane and Heidrun.

The five platforms, add to Archer’s existing three, the Statfjord A, B and C, and see it elevated from operating the least, to operating the most.

“I am very pleased that the excellent performance of our drilling crews over the past years has gained the confidence of Statoil and resulted in the award to Archer of this important contract extension for the provision of Platform Drilling Services in Norway,” said Archer VP Platform Drilling, Kenny Dey.

“Throughout the extension discussions we focused on developing future-oriented operating models that provide safe, efficient and cost effective solutions.”