KCA Deutag wins extension of Ringhorne drilling contract
- Business & Finance
KCA Deutag Drilling Norge, a Norwegian unit of drilling and engineering contractor KCA Deutag, has been granted an extension to its current drilling contract on the Ringhorne platform off Norway by operator Point Resources.
The contract extension is for the provision of drilling operations and maintenance services on the Ringhorne platform operating in the Norwegian North Sea and it has an initial term of four years with the option to extend by two further periods of two years each, KCA Deutag said on Monday.
HitecVision-owned Point Resources took over Balder, Ringhorne, Ringhorne East, Jotun, and Forseti fields from ExxonMobil late last year.
The Ringhorne field is located about nine kilometers northeast of the Balder FPSO and includes a platform with initial processing and water injection capabilities. Production of oil and gas is routed to the Balder and Jotun installations for final processing, storage and export. Balder and Ringhorne are connected to Jotun A via a gas pipeline.
By year end 2017, the Ringhorne field had produced 206 million barrels of oil equivalent.
Rune Lorentzen, President of Offshore commented: “We have been the drilling contractor on the Ringhorne platform since it was first commissioned back in 2002, and we are pleased that the quality of our performance has once again been recognized.”
KCA Deutag is currently responsible for the management of drilling and maintenance operations on 32 platforms and two Gusto CJ70 jack-up rigs operating for Statoil offshore Norway.
Earlier this month KCA Deutag was awarded a new drilling contract on five of Statoil’s platforms operating in the Oseberg and Kvitebjørn fields. The contract will take effect from October 1, 2018, initially for a period of four years.
Offshore Energy Today Staff