Deep Casing Tools has signed a frame agreement with Statoil Petroleum AS, the company said in a press release.
The contract covers the supply of Deep Casing Tools’ drillable casing and liner reamer technology, including its high-speed, drillable reaming system, the Turbocaser Express, already deployed by Statoil. The agreement applies to the Norwegian Continental Shelf and has a contract life of two years with three option periods of two years each.
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