Ramco Nets Equinor Deal

Ramco, tubular goods care and maintenance specialist, has signed a contract with Equinor for inspection and mobilisation of casing and tubing in Norway, worth more than $10 million a year to 2024.

This new contract, which is initially for two-years, covers sites in the ports of Florø and Sandnessjøen and will see RAMCO deliver its Ready to Run service – a concept pioneered by the firm to prepare tubulars fully ready for use before they reach the rig site.

There is agreement in place for extension options after two years and four years.

Arild Moe, managing director Norway, RAMCO, said: “Following the Norwegian Government’s renewed commitments to the Norwegian Continental Shelf (NCS) with the announcement of its recent production licenses round in both new and mature areas, there is optimism for a sustainable future. We are part of that by creating genuine value in the supply chain and this contract is a true example.

“We anticipate further technical developments as part of Ready to Run as we continue to create long-term, cost-effective options for deployment across the Norwegian Continental Shelf. 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.