Cementing & Fluids contracts extended

15 August 2008

StatoilHydro has extended individual contracts with Halliburton, MI Swaco and Schlumberger for cementing and fluid services in the Norwegian offshore sector. The extensions are collectively valued at a total of NOK 2.5 billion.

The contract extension with Halliburton comprises fluid and cementing services on several installations. The extension becomes effective on 1 September 2008 and lasts for two years.

The contract extension with MI Swaco is for fluid services. The extension is for two years and starts on 1 September 2008.

The contract extension with Schlumberger comprises cementing services. It is also for a two-year period, kicking off on 1 September 2008.

Chief Procurement Officer in StatoilHydro, Anders Opedal says in a comment "StatoilHydro expects its suppliers to deliver according to high HSEQ standards. These contract extensions are a direct consequence of the suppliers’ ability to meet our expectations."

StatoilHydro