Statoil extends offshore Norway subsea equipment/service arrangements

Statoil has awarded new subsea maintenance framework agreements to Aker Solutions, TechnipFMC, and OneSubsea with a combined value of more than NOK8 billion ($969 million).

Statoil subsea maintenance framework agreements Aker Solutions, TechnipFMC, and OneSubsea
Statoil subsea maintenance framework agreements Aker Solutions, TechnipFMC, and OneSubsea

Offshore staff

STAVANGER, NorwayStatoil has awarded new subsea maintenance framework agreements to Aker Solutions, TechnipFMC, and OneSubsea with a combined value of more than NOK8 billion ($969 million).

These extend current arrangements until 2023, with further extension options totaling 20 years. If these are exercised and all aspects of the assumed work scope are performed, the total value could reach NOK40 billion ($4.84 billion).

The agreements concern the supply of equipment to Statoil-operated subsea wells on theNorwegian continental shelf, and maintenance of equipment on more than 500 wells and onshore.

This includes wells planned in developments of theJohan Castberg and Snorre Expansion projects in the Barents Sea and North Sea.

Most of the onshore maintenance work will be at the Ågotnes Base outside Bergen, and at the Polar Base in Hammerfest.

Aker Solutions’ services agreements, related to both bases, cover subsea lifecycle services, including offshore installation and retrieval of equipment, maintenance, engineering, and operations support.

12/14/2017

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