Statoil signs Aker, FMC to long-term subsea service agreements

Statoil has awarded subsea services framework agreements to Aker Solutions and FMC Technologies for work on the Norwegian continental shelf.

Offshore staff

STAVANGER, Norway –Statoil has awarded subsea services framework agreements to Aker Solutions and FMC Technologies for work on the Norwegian continental shelf.

The scope of work covers service and maintenance of subsea production systems during installation and operation phases. Aker Solutions and FMC Technologies shall provide subsea services, including operation, maintenance, and modifications.

The framework agreements are signed for the duration of five years, with options to extend the agreements three times for three years, and will be valid from April 1, 2013.

Estimated contract value for the firm period is NOK 5.5 billion ($955.5 million) with Aker Solutions and NOK 8.5 billion ($1.476 billion) with FMC Technologies.

“We see an increasing need for maintenance of wells and subsea systems as part of extending the life of fields offshore,” said Jon Arnt Jacobsen, Statoil chief procurement officer.

Details of an earlier announcement on an Aker frame agreement can be foundhere.

3/01/2013

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