Aker Solutions Secures Extended Agreement with Statoil

Press Release
Thursday, November 01, 2012

Statoil has exercised a two-year contract option with Aker Solutions for provision of mechanical wireline services on Statoil operated fields and mobile drilling units on the Norwegian continental shelf.


The initial three-year contract period started in 2009. Statoil has now exercised the first of two potential two-year contract options. Aker Solutions estimates that the two-year contract extension will generate revenues of between NOK 700-800 million.


The contract will occupy around 400 employees, of which approximately 60 per cent will be supporting Statoil offshore. Aker Solutions will manage the agreement from its well service hub at Forus, Stavanger, Norway.


"Our cooperation with Statoil within the mechanical wireline segment dates back to 1984. This partnership has helped build up and continuously develop a highly competent well service community on the Norwegian continental shelf. Statoil has the world's highest recovery rates for offshore oil and gas assets and we are proud to be a supplier to their success," says Rolf Leknes, head of Aker Solutions' Scandinavian well intervention services business.
 


The contract comprises mechanical wireline services on the following Statoil operated fields: Heidrun; Njord A; Brage; Grane; Gullfaks A, B and C; Heimdal; Huldra; Kvitebjørn; Oseberg B, C, East and West; Troll A; Veslefrikk; Visund A; and Volve. The contract also covers mechanical wireline work on the majority of the mobile drilling units Statoil will utilise at its subsea fields in the North Sea, including Gullfaks satellites, Heidrun satellites, Hyme, Kristin, Mikkel, Norne, Oseberg, Tune, Snorre UPA, Snøhvit, Statfjord satellites, Tordis, Troll, Vega, Vigdis, Visund, Yttergryta and Åsgard. Additionally, Aker Solutions will deliver onshore operational support to Statoil's field centres at Stavanger, Bergen, Stjørdal and Harstad.


"Working with Statoil means that we are required to invest energy, competence and money into technology that enables smarter and more cost-effective ways of delivering our services. To extend this cooperation effectively means that we are able to continuously improve our service offering, while Statoil is the end-beneficiary through improved operational performance and oil recovery rates. We are delighted to continue supplying mechanical wireline services to Statoil," says Wolfgang Puennel, head of well intervention services in Aker Solutions.


Well intervention services are carried out in an oil or gas well, with the objective of maximising production and increasing the recovery rate of oil and gas.  Aker Solutions' contract party is Stavanger-based Aker Well Service AS.

Maritime Reporter February 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

ThyssenKrupp Says Submarines Part of Growth Story

Germany's Thyssenkrupp sees its submarine business as making an important contribution to its growth targets, the head of its Industrial Solutions business area said on Tuesday.

Two Newbuilds Delivered to Star Bulk

Star Bulk Carriers Corp. took delivery on February 27 of M/V Honey Badger (ex HN NE 164) and M/V Wolverine (ex HN NE 165), two 61,000 dwt Ultramax bulk carriers

Brazil Truck Strike Diminishes

Some truck drivers in Brazil continued blocking roads on Tuesday, slowing grains deliveries to southern ports, even as adherence to the strike diminished and a

Contracts

Maritech Delivers $14.5M Canadian Subsea Cable Installation

Maritech International  has completed a USD $14.5 million a subsea power cable installation in for New Foundland Power Inc., Maritech announced.   Maritech,

Former BP Boss Browne is DEA Chairman

Lord John Browne heads DEA's supervisory board * LetterOne co-owners Fridman, Khan also join * Unit changes name to DEA Deutsche Erdoel AG FRANKFURT, March 3 (Reuters) - DEA,

Holland America Line Appoints Geivett as Director, Social Media

Holland America Line has hired Kathryn Geivett as director, social media. In this capacity Geivett’s primary responsibility will be to drive, plan and oversee

Offshore

Gulf of Mexico Oil Production on the Rise

Because of the long timelines associated with Gulf of Mexico (GOM) projects, the recent downturn in oil prices is expected to have minimal direct impact on GOM crude oil production through 2016.

Ferguson Appoints Partner OPS-OES

Ferguson Group Singapore, a specialist in the provision of DNV 2.7-1 / EN12079 offshore containers, reefers, tanks, waste skips, baskets, accommodation and engineering

Nabors Posts Quarterly Loss as Drilling Activity Slows

Offshore driller Nabors Industries Ltd reported a quarterly loss, hurt by lower drilling activity amid a slump in global crude prices.   The company posted a net loss of $891.

Energy

Oil Storage at Sea Stalls as Profit Play Fades

Traders are cutting plans to use tankers to store oil at sea as the price incentive recedes, the global head of oil at mining and commodities group Glencore's said on Tuesday.

Ferguson Appoints Partner OPS-OES

Ferguson Group Singapore, a specialist in the provision of DNV 2.7-1 / EN12079 offshore containers, reefers, tanks, waste skips, baskets, accommodation and engineering

Former BP Boss Browne is DEA Chairman

Lord John Browne heads DEA's supervisory board * LetterOne co-owners Fridman, Khan also join * Unit changes name to DEA Deutsche Erdoel AG FRANKFURT, March 3 (Reuters) - DEA,

 
 
Maritime Careers / Shipboard Positions Maritime Security Navigation Pipelines Port Authority Salvage Ship Simulators Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | 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: 0.3809 sec (3 req/sec)