Statoil awarded contracts to the Norwegian subsidiary of Schlumberger for the Norwegian continental shelf fields Gullfaks, Gullfaks satellites, Snorre, Statfjord, Tordis/Vigdis and Visund.
Statoil said the contract extends for two years and could support as many as 350 jobs.
"[The contract] contributes to Statoil's focus area of safe and efficient drilling," Geir Tungesvik, senior vice president for drilling operations, said in a statement.
Statoil in July said net operating income for second quarter 2014 was down nearly 7 percent to $5.1 billion year-on-year.
In terms of production, the company said it put out about 1.8 billion barrels of oil equivalent during the second quarter, a 9 percent decrease from the same time last year.
Norway is the second-largest supplier of natural gas to Europe after Russia. Nearly three-quarters of the oil it produces is exported to European countries.