Halliburton signs multilateral frame agreement with Statoil

Offshore staff

HOUSTON – Statoil has contracted Halliburton (NYSE: HAL) to supply multilateral technology (MLT) for two mature fields offshore Norway. The three-year frame agreement includes two optional periods of two years each and has an estimated value of more than $200 million.

The new FlexRite Multibranch Inflow Control junction and the FlexRite Intelligent Completion Interface junction will form the basis of this frame agreement.  Together, these sealed junction MLT systems enable flow control capability of all laterals in multiple legged MLT wells.

Together with other improved oil recovery projects Halliburton’s MLT technology has contributed to Statoil's increased oil production from the Troll field. The current drilling plan for these fields is estimated to include 119 new junction installations or about 75% of the planned multilaterals offshore Norway.

2/12/2013

Related Articles

UK government steps up consultations on offshore tax relief

Jan 23, 2015

Oil & Gas UK has welcomed a further consultation by Britain’s government on a basin-wide UK offshore investment allowance.

Alma/Galia platform nears sailaway

Jan 23, 2015

EnQuest says mechanical completion was achieved before Christmas on the semisubmersible platform for the Alma/Galia field development in the UK North Sea.

Statoil set to drill Norwegian Sea wildcat

Jan 23, 2015

Petroleum Safety Authority Norway has approved Statoil’s plan for exploration drilling on the Snedfrid Nord prospect in the Norwegian Sea.

Norwegian license winners outline prospects, work plans

Jan 22, 2015

Statoil has issued details of its new licenses under Norway’s Awards in Predefined Areas 2014 (APA 2014) Round.

UK offshore sector could be hit by further tax charge

Jan 22, 2015

Accountancy/shipping advisory specialist Moore Stephens claims companies in the offshore maritime sector could be affected by the UK’s proposed 25% Diverted Profits Tax (DPT) charge.

Trending News

UK, Norway could benefit from falling costs, analyst claims

May 27, 2015

Wood Mackenzie expects capital and operating costs in the UK and Norway’s upstream sectors to decrease steadily this year in response to lower oil prices.

Petronas starts production from Bukit Tua offshore Indonesia

May 27, 2015

Petronas has delivered first oil achieved from the Bukit Tua field development in the Ketapang block, 110 km (68 mi) offshore East Java.

Total reaches production milestone offshore Angola

May 27, 2015

Total has produced its two-billionth barrel from its operated deepwater block 17, 150 km (93 mi) offshore Angola.

Gudrun leak a serious threat to platform crew, report finds

May 27, 2015

Statoil has outlined the conclusions of its investigation into a condensate leak earlier this year on the Gudrun platform in the Norwegian North Sea.

CNOOC discovers oil in the eastern South China Sea

May 27, 2015

CNOOC Ltd. has made a mid-sized discovery on the Liuhua 20-2 structure in the eastern South China Sea.

  Offshore
Digital Magazine
Look Inside
Cover
Current Issue

Oil & Gas Jobs

Search More Job Listings >>