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Ross Offshore has been awarded a significant contract

Ross Offshore AS today announces Contract Award for Tolat Well Management Services with Statoil.

This award further strengthens Ross’ position as a leading provider of drilling and well engineering services.

Scope of work under the contract relates to managing, planning and executing wells on behalf of Statoil.

The contract is for two years firm, with two x two year options. The contract start will take effect immediately

Estimated contract value is MNOK 200 - 350 million for the first two years.

This is a significant contract for Ross Offshore and it adds to an already existing relationship with Statoil through two ongoing frame agreements - supplying seasoned professionals within subsea and drilling and well disciplines. We look forward to take on the challenge and deliver quality services to Statoil says CEO of Ross Offshore Peder Sortland.

This is a great step in achieving our long term goals in building technology hubs in Bergen and Stavanger. We are very pleased to have been chosen as one of Statoil’s providers for Well Management Services. This contract and opportunity will be the foundation for further developing our dynamic, young and highly educated team for the future, says Head of Well Management, VP Frode Losnedal.

Ross Offshore serves its clients through four business streams; total well management, resource management, reservoir management and supply chain management, including marine operations. We aim to provide the highest quality and most cost effective solutions for our clients.