RAMCO agrees multi-million dollar contract with Equinor up to 2024
There is agreement in place for extension options after two years and four years.
RAMCO, the international specialist in the care and maintenance of oil country tubular goods (OCTG), has signed a major contract with Equinor, formerly Statoil, for the inspection and mobilisation of casing and tubing in Norway, worth more than $10mn a year to 2024.
Over the last 40 years, RAMCO has played a role in the provision of inspection and cleaning for OCTG pipe and during this time the company has developed a long-standing relationship with Equinor.
This new contract, which is initially for two years, covers sites in the ports of Florø and Sandnessjøen and will see RAMCO deliver its Ready to Run service – a concept developed by the firm to prepare tubulars fully ready for use before they reach the rig site. There is agreement in place for extension options after two years and four years.
RAMCO’s services in Norway have targeted safety, cost and time benefits to operations, including reduced manual handling, less preparation at the rig site and lower logistics requirements.
Arild Moe, managing director Norway, RAMCO, said: “Following the Norwegian Government’s renewed commitments to the Norwegian Continental Shelf (NCS) with the announcement of its recent production licenses round in both new and mature areas, there is optimism for a sustainable future. We are part of that by creating genuine value in the supply chain and this contract is a true example.
“We anticipate further technical developments as part of Ready to Run as we continue to create long-term, cost-effective options for deployment across the Norwegian Continental Shelf. In Florø and Sandnessjøen we have built-up our expertise over a decade and are looking forward to enhancing operations in these regions.”
Services will be carried out by experienced staff from both local communities, including inspection of casing and tubing, installation of centralisers and bucking services on tubulars. On return from rigs, stock will be inspected, preserved and stored for future use.
RAMCO was established in 1977 in Aberdeen, UK but maintains an international footprint.