Aker Solutions to Provide Services to Statoil

Press Release
Tuesday, April 17, 2012

Aker Solutions has entered a long-term agreement with Statoil to provide a full range of heavy well intervention and light-drilling services on the Norwegian continental shelf.

The contract period is for eight years with options for three further two-year periods (2+2+2). The contract’s value for the initial eight-year period is approximately USD 1.9 billion. Work will be performed from a new build Category B well intervention rig, which will be owned and operated by Aker Solutions' subsidiary Aker Oilfield Services.

"Aker Oilfield Services was set up five years ago to develop cost-effective solutions for vessel-based intervention services,” said Øyvind Eriksen, executive chairman, Aker Solutions. “In 2009, we took full ownership of the company with the objective of using it as a vehicle to develop an integrated delivery model, which fully capitalizes on Aker Solutions' broad portfolio of oilfield products, systems and services, in order to create new business opportunities. This ability to bundle technology and expertise has proven to be a competitive advantage when bidding for this contract. It will involve deliveries from our oilfield service arm, engineering, drilling technologies, subsea and well intervention services."

The Category B (Cat-B) rig is a semi-submersible unit, designed for year-round well intervention. It will provide a full range of heavy well intervention and light-drilling tasks, including through-tubing rotary drilling, wire line, coil tubing, high pressure pumping, well testing and cementing services as well as ROV operations. It will operate in water depths up to 500 meters.

Well intervention services are carried out in an oil or gas well with the objective of maximizing production and increasing the recovery rate of oil and gas. Well intervention has traditionally been performed from fixed platforms. In more recent years, specially-equipped ships or rigs have been developed to undertake the same type of service on subsea wells where recovery rates have been much lower.

The subsea well intervention system - i.e. the infrastructure between the rig and the seabed - is based on the technology solutions developed for Aker Oilfield Services' deepwater well intervention vessel Skandi Aker. This is, as on Skandi Aker, a riser-based intervention system, consisting of a high-pressure riser and well-control package, which is connected to a subsea tree to secure safe entry into subsea wells.
 

Maritime Today


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

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

People & Company News

UASC Shareholding States Vote to Back Hapag-Lloyd Merger

United Arab Shipping Company (UASC) said its six shareholding states backed a merger deal with German container shipping line Hapag-Lloyd AG at a meeting on Wednesday.

List: Top Five UK Ship Owners

Following last week's landmark referendum results, VesselsValue has compiled a list of the top five U.K.-based shipowners and their total fleet value in USD billions.

FMC's Doyle Addresses VGM Rules

U.S. Federal Maritime Commission (FMC) Commissioner William P. Doyle issued a statement on the upcoming implementation of the SOLAS Convention’s verified gross mass (VGM) requirements:   On Friday,

Contracts

AWO Authorizes ClassNK to Perform RCP Audits

The American Waterways Operators (AWO) and ClassNK have signed an agreement under which ClassNK will be authorized to conduct audits of AWO's Responsible Carrier Program,

Radio Holland Wins Contracts for Canadian Coast Guard Vessels

Radio Holland Canada has won two major contracts to support the Canadian Coast Guard. Public Works and Government Services Canada, which is responsible for government procurement,

Young Brothers Orders Four New Tugs from Conrad

Young Brothers, Limited, Hawai‘i’s largest inter-island cargo service provider, and Conrad Shipyard, signed a contract to build four new tugs, a nearly $80 million

Offshore

Lloyd's Register Extends Drilling Rig Integrity Support

Exploration begins by BHP Billiton using the Deepwater Invictus rig and supported by Lloyd’s Register’s rig integrity team. Lloyd’s Register (LR) announced it

Another Fugro Vessels Joins Largest SEEP-Hunting Survey

Fugro has deployed multi-purpose offshore survey vessel Fugro Gauss to join the Fugro Brasilis offshore Mexico, to help complete the world’s largest seep-hunting

JIP Validates DNV GL's Helica Software

A joint industry project run by DNV GL has replicated stresses measured in an umbilical subjected to tension and bending in full-scale tests, further validating

Energy

BP Receives its First Venezuelan Crude Cargo under Swap Deal

Britain's BP Plc this month received a Venezuelan crude cargo from state-run PDVSA, according to Thomson Reuters trade flows data, the first since the companies

Oil Up on US Crude Draw; Brent Back Above $50

Oil prices surged 4 percent on Wednesday, with Brent settling above the psychological $50 a barrel mark, after a larger-than-expected drawdown in U.S. crude inventories.

Lloyd's Register Extends Drilling Rig Integrity Support

Exploration begins by BHP Billiton using the Deepwater Invictus rig and supported by Lloyd’s Register’s rig integrity team. Lloyd’s Register (LR) announced it

 
 
Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Naval Architecture Offshore Oil Pod Propulsion Port Authority Salvage Sonar Winch
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: 0.1152 sec (9 req/sec)