Norwegian private equity backed independent Okea has awarded a frame agreement to Ridge for well management services.
Under the 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.
Jarle Veshovde, managing director of Ridge: “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. We see that our goals are aligned with those of Okea, and we are eagerly looking forward to this strategic cooperation.”