OKEA have awarded a frame agreement to Ridge AS for “Well Management Services”. Under this contract, Ridge will provide personnel and services to manage offshore well design, construction and operation for OKEA. The initial contract term is three years, with three possible one-year extensions.
“We are proud that OKEA chose us for this work”, says Jarle Veshovde, Managing Director of Ridge. “Today’s market separates the wheat from the chaff, and this award shows that OKEA appreciate the knowledge, culture and solutions that Ridge possess. It will be very exciting to work with OKEA, who are visionary, creative and driving a fresh approach to field development on the Norwegian Continental Shelf. Together with our cooperation partners and specialists we have established a first class team who will help OKEA create value and push performance in their projects. We see that our goals are aligned with those of OKEA, and we are eagerly looking forward to this strategic cooperation.”