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Neptune awards £100m drilling services contract

Neptune Energy has awarded a contract of more than $100 million to Tenaris for equipment and services to support drilling activities on the Norwegian Continental Shelf.

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The five-year contract, with two options for two-year extensions, covers the manufacture, transport, handling and repair of a range of casing materials used in offshore drilling activities.

Work will initially include support during 2023 for an exploration well and an appraisal well in the Neptune-operated Gjøa area in the Norwegian Sea.

Neptune’s head of supply chain management & logistics in Norway, Kjell-Petter Schou Andreassen said: “The new contract strengthens our collaboration with Tenaris which has supported our strong operational and safety performance across all of our drilling activities.”

The contract between the parties came into effect in mid-April 2023.