Marine Link
Friday, October 21, 2016

Stolt Offshore Awarded Repair Contracts in Norway

October 15, 2001

Stolt Offshore S.A. announced the award of contracts from Statoil (STO) and Norsk Hydro to the Stolt Halliburton Joint Venture for pipeline repairs in Norway. This joint venture was originally formed in 1995 for servicing the Statoil Hyperbaric Welding and Diving Services Contingency Contract and renewed in July 2000 for five years. The first contract is for pipeline repairs on the Aasgard field for Statoil and is valued at $100 million. Ships owned by both Stolt Offshore and Halliburton Subsea will be used on this project which commences in mid October and is expected to be completed in April 2002. The second contract is for pipeline repairs on the Tune field pipeline for Norsk Hydro and is valued at $6 million. This contract will use the pipeline repair system owned by the Statpipe License and the Oseberg Transporation System and administered by Statoil. The repair program will be undertaken in parallel with the Aasgard field repair work. Bernard Vossier, Chief Executive Officer said "These complex deepwater contracts make good use of the combined construction fleets that both Stolt Offshore and Halliburton operate in the North Sea. Our joint venture has a proven track record of providing high quality construction, repair and contingency services to Statoil, Norsk Hydro and Esso." Vossier concluded.

Maritime Reporter Magazine Cover Oct 2016 - Marine Design Annual

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

Maritime Reporter E-News subscription

Maritime Reporter E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

Subscribe for Maritime Reporter E-News