Aker Well, Sensornet sign MSA for well intervention

Sensornet and Aker Well Services AS announced at ONS 2008 the signing of a NOK 20 million ($3.7 million) master service agreement lasting three years for enhanced well intervention flow profiling.

Aug 28th, 2008

Offshore staff

STAVANGER, Norway --Sensornet and Aker Well Services AS announced at ONS 2008 the signing of a NOK 20 million ($3.7 million) master service agreement lasting three years for enhanced well intervention flow profiling.

Aker Well Services will use its logging, tractor, and well control expertise to deploy Sensornet's range of FibreDip optical cables across the reservoir section.

"Combining the two complementary strengths of the well intervention service from Aker Solutions and Sensornet's market leading distributed flow profiling, will bring our customers a vital tool to increase production efficiency and reduce operating costs," said Neil Meldrum, Sensornet VP Europe, FSU & Africa. "We look forward to a very successful partnership where the benefit will be transferred to the major oil and gas regions."

Ida Hassan, vice president Aker Well Service Operations with Aker Solutions, said: "The agreement between Aker Solutions and Sensornet is the beginning of an exciting opportunity for all involved to learn from each others' technical expertise. We look forward to working with the Sensornet team to deliver an innovative service to the oil and gas market which is demanding a proven, cost-effective solution to effectively analyze and monitor well conditions in real-time."

8/28/2008

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