StatoilHydro contracts GE Oil & Gas for subsea services

StatoilHydro has awarded GE Oil & Gas a five-year contract to deliver subsea operations services.

Offshore staff

HOUSTON -- StatoilHydro has awarded GE Oil & Gas a five-year contract to deliver subsea operations services. The contract has an estimated value of between $25- $30 million per year and will be managed by GE Oil & Gas in Stavanger, Norway.

Under the contract, GE will provide services including engineering, procurement, the production of equipment and tools, and electro and mechanical workshop services for corrective and planned maintenance in subsea drilling.

Servicing and maintenance of tools and equipment will involve a team of between 100-120 people and will be performed from both the GE Oil & Gas Stavanger facility and across multiple customer sites onshore and on the Norwegian continental shelf.

The agreement will be used to determine the scope of service work to be conducted on future StatoilHydro field developments, as well as the operation of existing fields that currently implement GE Oil & Gas equipment and services. This includes GE Oil & Gas' previous delivery to projects such as Snorre B, Snøhvit, Tordis, Vigdis, Troll Olje, and the Troll Pilot subsea processing plant.

05/06/2009

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