Stay Connected

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

Mooring problem halts operations at Chestnut in North Sea

Nov 22, 2013

Centrica Energy has temporarily suspended production from the Chestnut oil field in the UK central North Sea.

Aker gains extension for Norway maintenance program

Nov 22, 2013

Statoil has awarded Aker Solutions a two-year extension to a maintenance and modifications contract offshore Norway.

Trending News

V.Group acquires prominent Offshore IRM services provider Core-IRM

Sep 2, 2014

V.Group has concluded the acquisition of Core-IRM, an inspection, repairs and maintenance (IRM) services provider with a track record in offshore oil and gas markets in Southeast Asia. 

Blueback Reservoir releases Blueback Toolbox v15

Sep 2, 2014

Blueback Reservoir, a technology company specializing in providing Ocean plug-ins and 3D geomodeling services for the global oil and gas exploration and production industry, has released the Blueback Toolbox plug-in for Petrel v15.

Amarcon and Observator Instruments to develop helideck monitoring and forecasting system

Sep 2, 2014

Amarcon, a part of the ABB group, and Observator Instruments, a developer of sensors and services for meteorological and hydrological monitoring, will jointly develop a helideck monitoring and forecasting system to improve the flight and passenger safety during helicopter landings and takeoffs.

African Petroleum provides operational update

Sep 2, 2014

African Petroleum Corp. has provided an operational update on its West African exploration portfolio.

Ulstein Group introduces X-STERN vessel design for harsh conditions

Sep 2, 2014

Ulstein Group has introduced the X-STERN, a vessel design feature that increases operability through positive effects on station keeping, wave response, comfort, and safety in harsh conditions.

  Offshore
Digital Magazine
Look Inside
Cover
Current Issue

Oil & Gas Jobs

View more Job Listings >>