WellDynamics secures SmartWell frame agreement

StatoilHydro has awarded WellDynamics Norge two frame agreements for work in the Norwegian North Sea.

Offshore Staff

HOUSTON -- StatoilHydro has awarded WellDynamics Norge two frame agreements for work in the Norwegian North Sea.

WellDynamics will install electronic Venturi flowmeters, electronic pressure/temperature gauges in wells with WellDynamics' SmartWell completions, and electronic pressure/temperature gauges in wells where WellDynamics' flowmeters are installed.

Under terms of a separate frame agreement, WellDynamics will provide and implement SmartWell technology in four wells in StatoilHydro's Gjøa field. The contract is estimated to be worth $8.5 million over six years, beginning in 2009.

02/22/2008

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