Ross Offshore AS announces contract award for drilling, well , exploration & petroleum technology services with Statoil ASA.

The contract is for five years firm, with a two plus two plus one year option (10 year total). The contract will take effect 01.01.2014. The contract is given as part of an alliance with Ross Engineering AS and Oilspec AS

This contract represents an expansion of already existing contracts. Furthermore, the new contract covers E&P services and will involve areas such as; Geology, geophysics, reservoir technology, production technology, petrophysics and production data management.

This is a significant contract for Ross Offshore. We have worked with Statoil for several years, and in many areas, and this will further strengthen our relationship. The contract confirms our position as a key provider of drilling, well, exploration & petroleum technology. Ross Offshore see it as a privilege to be able to continue to develop with such a major actor on both NCS and internationally, says CEO of Ross Offshore; Frode Losnedal.

Tags: Ross Offshore AS, Statoil