Under the contract, First Geo – part of Oslo-listed Akastor ASA – will provide personnel within the technical areas such as Subsurface specialists, Geologists, and Geophysicists, Wellsite and Operations Geologists, Drilling and Completion Engineers.
“Providing specialist subsurface, drilling and well engineering services we contribute towards keeping oil companies’ investments and cost down. With consultants that are local at Det norske’s offices around Norway, this is a business model that is particularly attractive in a costs conscious environment,” says Managing Director of First Geo, Helge H. Nyrønning.
During its 20 year history First Geo has developed a large consultancy capacity, and is today one of the most important subsurface consultancy companies in Norway. With the latest addition of complete Well Management services First Geo is a unique capacity to support E&P companies developing exploration portfolios and development of producing assets.
First Geo’s contract with Det norske runs until 2020, with 2 + 2 years optional periods. The contract value is undisclosed.
Det norske oljeselskap ASA is a fully fledged oil company with exploration, development and production of the petroleum resources on the Norwegian shelf. Det norske is headquartered in Trondheim, with offices in Stavanger, Oslo and Harstad. Today, Det norske has more than 240 employees.
First Geo is one of the largest sub-surface consultancy businesses in Norway. The company employs 85 people, including geologists, geophysicists, petrophysicists, reservoir- and petroleum engineers, drilling and well engineers. Its head office is located in Stavanger, Norway, with further Norwegian offices in Oslo and Bergen.
Adapted from a press release by David Bizley
Read the article online at: https://www.oilfieldtechnology.com/drilling-and-production/31052016/first-geo-wins-det-norske-contract/