Schlumberger scoops $185M Statoil drilling contract

|About: Schlumberger Limited (SLB)|By:, SA News Editor

Schlumberger (NYSE:SLB) wins an integrated drilling services contract with Statoil (NYSE:STO) worth 1.15B Norwegian kroner ($185M); the initial term is two years, with three optional extensions.

The deal covers STO’s operations in the Norwegian continental shelf including Gullfaks, Gullfaks Satellites, Snorre, Statfjord, Tordis/Vigdis and Visund licenses.

Services will include the delivery of directional drilling, measurement while drilling, logging while drilling and mud logging services.