Ramco inks tubular deal with Equinor
- Business & Finance
Ramco, a specialist for the maintenance and care of oil country tubular goods (OCTG), has signed a contract with Equinor, formerly Statoil, for inspection and mobilization of casing and tubing in Norway.
Ramco said on Thursday that the contract was worth more than $10 million a year until 2024.
The new contract, which is initially for two years, covers sites in the ports of Florø and Sandnessjøen and will see Ramco prepare tubulars fully ready for use before they reach the rig site.
The company added that there was an agreement in place for extension options after two and four years.
Arild Moe, managing director for Norway at Ramco, said: “Following the Norwegian Government’s renewed commitments to the Norwegian Continental Shelf with the announcement of its recent production licenses round in both new and mature areas, there is optimism for a sustainable future.
“In Florø and Sandnessjøen we have built-up our expertise over a decade and are looking forward to enhancing operations in these regions.”
Services will be carried out by staff from both local communities, including inspection of casing and tubing in the range from 2 3/8” to 36”, installation of centralizers, and bucking services on tubulars. On return from rigs, stock will be inspected, preserved and stored for future use.