Article: Norway : Odim wins money-spinning deal.

NORWAY S offshore equipment company Odim has won a contract to build a rig in the North Sea. The 147M Norwegian kroner ($25.3M) contract is with Talisman Energy Norge, with delivery in 2011, Odim said yesterday. The jack-up rig will be used for servicing and replacing submerged pumps used to stimulate the flow of fluids in production wells.

Our aim is to achieve a leading niche position with systems which can be used for well intervention from drilling rigs and service ships, said Helge Hustoft, MD of ODIM. Odim s use of lightweight rope for harnessing rigs, instead of ...

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