The contracts cover services on 17 of Statoil’s 20 fixed installations on the Norwegian continental shelf. The total value of all exercised options is about NOK3.6bn.

Geir Slora, senior vice president of drilling & well at Statoil, said: “Statoil intends to continue its efforts to increase the quality of all deliveries. Continuity of the cooperation with key contributors will provide a basis for the desired HSE level and improved efficiency.”

Anders Opedal, senior vice president for procurements at Statoil, said: “It is essential that our suppliers help contribute positively to our goal of improved efficiency and progress. As always, we expect our suppliers to deliver on schedule, according to quality and HSE requirements.”