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

CGG starts 3D seismic survey for Sterling offshore Madagascar

Apr 27, 2015

Sterling Energy (AIM: SEY) says a 1,250-sq km (482-sq mi) 3D seismic survey is under way over the Ambilobe block offshore Madagascar.

Subsea Innovation overhauls ROV launch system

Apr 27, 2015

Subsea Innovation has refurbished a launch and recovery system (LARS) for an unnamed offshore oil and gas contractor.

Prosafe nets accommodation contract extensions offshore Mexico

Apr 27, 2015

Prosafe says its five accommodation vessels operating in Mexican waters had a utilization rate of 93% during 1Q 2015.

TEN project cleared to proceed following maritime dispute ruling

Apr 27, 2015

Côte d’Ivoire has failed to block exploration and development in a disputed maritime zone shared by neighboring Ghana, according to Tullow Oil.

MOL agrees to terms for Ithaca Norway division

Apr 27, 2015

Ithaca Energy has agreed to sell Ithaca Petroleum Norge to Hungary’s MOL for $60 million, subject to approval from Norway’s government.

  Offshore
Digital Magazine
Look Inside
Cover
Current Issue

Oil & Gas Jobs

Search More Job Listings >>