Contract Extension on the Ula and Valhall Fields

Tuesday, December 23, 2003
Smedvig has signed an agreement with BP Norge AS to extend the platform drilling contract on the Ula and Valhall fields in the Norwegian sector of the North Sea. The drilling contract has a firm duration of two years, with option for one additional year. The estimated contract value for the firm period is approximately NOK 300 million. The contract, which is expected to employ some 200 people, includes in the first phase production drilling from the Valhall injection platform and the Valhall drilling platform. Smedvig has been the drilling contractor on the Ula field since production start-up in 1986 and the drilling contract on the Valhall field since 2000. "The agreement confirms the company's good long-term relationship with BP and reinforces Smedvig's position as one of the leading platform drilling operators on the Norwegian continental shelf," says Kjell E. Jacobsen, CEO, Smedvig asa.
Maritime Reporter July 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

MN 100: AEP River Operations

16150 Main Circle Drive, Suite #400 St. Louis, MO 63017 Tel: (636) 530-2100  Email: info@aepriverops.com Website: www.aepriverops.com President: Keith Darling The

MN 100: Caterpillar Marine

Neumühlen 9 22763 Hamburg/Germany Tel: (713) 895-1449 Email: cat_power@cat.com Website: www.marine.cat.com Managing Director: Nigel Parkinson The Company: Caterpillar

Airbus May Sell Stake in Submarine Supplier

Airbus is considering a sale of its 49 percent stake in submarine supplier Atlas Elektronik as part of a reshuffle of its military business, German newspaper Die

Offshore

Bureau Veritas to Class, Certify FPSOs for Saipem

Bureau Veritas has been awarded a contract by Saipem to provide classification and certification services for the two Kaombo FPSOs for service off Angola. The

Kvaerner in Statoil Unmanned Platform Project

Kvaerner say that Statoil has awarded it a concept study related to a standardised, unmanned dry tree wellhead platform for the Oseberg Future Development project.

Scotland Site for World's Biggest Tidal Array

The world’s biggest tidal array is to be built in North Scotland bringing jobs and energy security to the Pentland Firth region, informs a UK Government news release.

 
 
Maritime Security Maritime Standards Navigation Offshore Oil Pod Propulsion Port Authority Salvage Ship Simulators Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0978 sec (10 req/sec)