TechnipFMC, OneSubsea Join Aker Solutions in Statoil Win

TechnipFMC and OneSubsea have, along with Aker Solutions, secured new subsea maintenance framework agreements from Statoil on the Norwegian continental shelf (NCS).

The contracts have a total estimated value of more than NOK 8 billion (USD 960 mln) and a duration extending to 2023.

In addition, the contracts include options for a total of 20 years. The estimated total value will be approximately NOK 40 billion (USD 4.8 bln), should all the options with the assumed scope of work be exercised, Statoil said.

Aker Solutions informed earlier today that its scope of work is currently estimated at about NOK 3 billion (USD 360.6 mln) for the fixed period and will be booked in fourth-quarter orders.

The new agreements apply to Statoil-operated subsea wells on the NCS and include maintenance of equipment belonging to more than 500 wells. The figures include planned wells in the field developments of Johan Castberg and Snorre Expansion Project.

“Production from subsea wells constitutes a significant part of Statoil’s total volumes from the Norwegian continental shelf. The new framework agreements are therefore important to achieve a sustainable cost level and long-term production,” said Kjetil Hove, senior vice president for operations technology.

The contracts apply to subsea maintenance and additional equipment for the Norwegian continental shelf, with work both offshore and onshore.

The agreements are effective from March 01, 2018, with a fixed duration of five years and include five four-year options.

Most of the maintenance work will be carried out at the Ågotnes Base outside Bergen, in addition to the Polar Base in Hammerfest.

Share this article

Follow Subsea World News

Events>

<< Nov 2019 >>
MTWTFSS
28 29 30 31 1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 1

Oceanology International 2020

Exhibitors from industry, government and research institutions share their knowledge and come…

read more >

Subsea Power Cables 2019

Subsea Power Cables 2019 is an opportunity to share your knowledge and experiences of subsea cable projects with the industry…

read more >

6th Offshore Well Intervention Conference Gulf of Mexico

The Offshore Well Intervention Gulf of Mexico conference (OWI GOM) is returning to Houston, Texas for its sixth year on Wednesday 20 – Thursday 21 November.

Featuring Anadarko, BP, Shell, Chevron, BHGE and Oceaneering, the conference aims to help operators transition to the latest compliance updates, WI systems and business models that enhance safety, quicken well access and improve commerciality.

Across two days, more than 200 delegates, 15 exhibitors and 30 speakers will network together and create solutions to some of the most pertinent industry challenges right now, through a conference programme focused on:

  1. Clarifying compliance updates
  2. Quicker well access and safer well control
  3. ​Understanding HPHT well intervention (systems)
  4. Forecasting well intervention activity, discussing new commercial models and comparing platform options
  5. Best practice riserless well intervention
  6. ​The latest well intervention equipment

For registration, speaking or sponsorship enquiries contact Abigail Clifton on aclifton@offsnet.com; +44 (0) 203 793 8800.

More info

read more >

Underwater Intervention (UI) 2020

Underwater Intervention Conference is a conference where oil and gas industry professionals, senior decision…

read more >