Statoil Inks Subsea pacts with Duo
Statoil Petroleum AS has signed Master Service Agreements with Aker Solutions ASA and OneSubsea Processing AS. The agreements signed form the basis for potential new EPC contracts (engineering, procurement and construction) for subsea equipment in the medium term future. An EPC option agreement for subsea production system (SPS) has also been signed with OneSubsea, including framework agreements for subsea operations services and subsea add-ons. Last year Statoil also signed a Master Service Agreement and an EPC contract including options for EPC project with FMC Kongsberg Subsea AS for Johan Sverdrup. “In light of the current challenges the industry is facing the suppliers have demonstrated commitment and drive to break the cost curve and enhance competitiveness.
Offshore: OTC Announces Technology Winners
The Offshore Technology Conference (OTC) announces 15 winners for its inaugural Spotlight on New Technology Program. These winners are recognized before, during and after the 35th annual OTC, 3-6 May, Reliant Center at Reliant Park in Houston. New Technology program, " said Rod Allan, OTC .04 Chairman. Applications for the Spotlight on New Technology were distributed at OTC .03 and were due 9 January 2004. Submissions had to meet four criteria: new and innovative, proven, broad interest, and significant impact. Winners will be recognized on site at this year's conference, scheduled May 3-6, on the exhibition floor and in the registration area. Spotlight on New Technology will continue as an annual recognition program coinciding with OTC.
FMC Technologies Unit Agreement Extension With Statoil
FMC Technologies, Inc. announced that its FMC Energy Systems business has signed an extension of its existing subsea service agreement with Statoil ASA to provide technical services and subsea equipment for an additional two years, with an option for two more years beyond that. Under the terms of the extension, FMC Energy Systems expects to receive approximately $60 million per year. The agreement comprises technical services in connection with completion, workover, installation, maintenance and other activities associated with subsea field development. The contract also includes provision of additional equipment for Statoil-operated fields previously supplied by FMC Kongsberg Subsea AS, the Company's Norway-based subsidiary.
