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BHI Baker Hughes Incorporated

57.68
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type
Baker Hughes Incorporated NYSE:BHI NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 57.68 0 01:00:00

Statoil Awards $187 Million Drilling Services Deal to Baker Hughes

06/07/2015 7:56am

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Baker Hughes (NYSE:BHI)
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   By Dominic Chopping 
 

Norway's Statoil ASA (STO) has awarded Baker Hughes Inc. (BHI) a 1.5 billion Norwegian kroner ($186.9 million) deal to provide integrated drilling services for the Johan Sverdrup field, the latest in a string of contracts Statoil is awarding ahead of next year's drilling start-up on the giant North Sea field.

The contract is valid for six years and includes an option for a further four years.

Statoil has been inviting tenders for integrated services on the Johan Sverdrup field in order to reduce total well costs and achieve more efficient well services, it said.

-Write to Dominic Chopping at dominic.chopping@wsj.com; Twitter: @WSJNordics

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


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