Integrated Drilling Agreement to Baker Hughes

press release
Tuesday, August 21, 2012

Baker Hughes has been awarded an agreement with Statoil to provide integrated drilling services for 25 fields on the Norwegian continental shelf (NCS).


The services will help meet Statoil's expectations for enhanced drilling performance and service quality. The agreement with Baker Hughes will cover the delivery of directional drilling, measurement-while-drilling, logging-while-drilling, mud logging, including 24/7 onshore support and drilling engineering services.

 

"The agreement contributes to the development of improved drilling efficiency which will ensure cost-efficient drilling through focus on the quality of tools, services and personnel." says head of drilling and well in Statoil, Øystein Arvid Håland.

 

"If we are going to achieve our long-term production goals, we must drill more cost-efficient wells. Hence we need to improve drilling progress and reduce downtime during operation. By awarding the agreement to Baker Hughes, Statoil will benefit from their proven technical expertise and extensive experience on the NCS and we look forward to continuing our long standing relationship with this supplier."
 
 

The agreement includes focus on integrated operations (IO) which covers the integration of people, multidiscipline work processes and collaborative technologies to make and execute better decisions quicker. IO is enabled by the use of real time data transfer to achieve more efficient interaction between installations, onshore support groups, experts and other vendors, leading to more efficient drilling operations.

 

"Work processes with integrated operations are a way of sharing the knowledge between offshore personnel, experts onshore, our own management and our suppliers during operations." says senior vice president Operation in Development and Production Norway in Statoil, Bente Aleksandersen.
 

"Baker Hughes has been awarded the agreement because they supplied the best combined technical and commercial offer. Their IO experience is a part of this. This will lead to a considerable increase in the current workload for the supplier. And we are pleased to see that contracts with Statoil generate positive spin-offs and local content where our operations are."

 

The supplier is currently established on several locations in Norway such as Stavanger, Gulen, Bergen, Kristiansund and Sandnessjøen. In January 2013 Baker Hughes will also open a base in Hammerfest supporting operations in the Barents sea.

 

The firm two-year part of the agreement has an aggregated value of approximately BNOK 3. The agreement also has two two-year optional extensions, not included in the estimated contract value.

 

The integrated drilling services will be performed on the installations Brage, Dagny (optional), Eirin (optional), Grane, Heidrun TLP, Heidrun SS, Kristin Kvitebjørn, Njord, Norne, Morvin Oseberg B/C/Sør, Oseberg Øst (optional), Sleipner, Skuld, Snøhvit, Tyrihans, Troll, Volve, Vega, Veslefrikk, Aasta Hansteen and Åsgard.

Work under the contract will commence in third quarter of 2012.

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter May 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

DP World to Manage Somaliland Port for 30 Years

DP World has reached an agreement to manage the Berbera port in Somaliland, which would allow it to become a major hub for goods to transit to and from the Horn of Africa,

Abu Dhabi Ports Try to Lure Chinese Businessmen

Abu Dhabi Ports - the master developer, operator and manager of ports and Khalifa Industrial Zone in the Emirate - presented the integrated offerings of Khalifa

NASSCO Lays Keel for Jones Act Tanker Liberty

U.S. shipbuilder General Dynamics NASSCO hosted a keel laying ceremony on Thursday, May 26 for the Liberty, one of three new ECO Class Jones Act tankers under a

Offshore

Mermaid Maritime Bags Subsea Contracts, Delays Newbuilding

Thailand’s Mermaid Maritime said it has been awarded a number of subsea contracts in the Middle East with a total worth of $11million.   It has also reached

Hercules Offshore Filing for Bankruptcy Again

Hercules Offshore Inc said it planned to file for prepackaged Chapter 11 bankruptcy, just six months after the rig contractor emerged from bankruptcy protection.

DONG Energy Listing to Value Group at up to $16 Bln

DONG Energy's has set a potential $16 billion price tag on its stock market debut, giving investors a chance to buy into the growth in offshore wind power, but

Energy

Strike In France: Implications for Tanker Demand

After the oil industry suffered from a severe drought in Venezuela, forest fires in Canada and rebel attacks on oil installations in Nigeria, it is now facing

Floating Storage Flattens Fortunes of $50 Crude

The prices of WTI and Brent crude briefly rose above $50/bbl during intraday trading on Thursday, the highest level seen since the end of July 2015, giving traders a brief moment of optimism,

GloMEEP Project Forges Ahead with Train-the-Trainer Workshop

A global Train-the-Trainer workshop on energy efficiency has been delivered in China (23-27 May), preparing the personnel needed to cascade knowledge on energy

 
 
Maritime Contracts Maritime Security Maritime Standards Navigation Pipelines Pod Propulsion Salvage Ship Electronics Ship Repair Ship Simulators
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1360 sec (7 req/sec)