Norwegian energy firm Statoil has awarded a completions framework contract to UK-based Omega Completion Technology.
Under the terms of the contract, Omega will deliver its Remotely Activated Completion Technology (ReACT) to all of Statoil’s 35 assets in the Norwegian continental shelf.
Omega supplied the initial ReACT completion solution to Statoil a decade ago and has provided completion equipment for over 30 wells.
The initial contract period is for about two years with an option to expand for a further six years.
Omega said the ReACT signalling method offers a means to remotely activate downhole completion equipment without the requirement for costly and complex intervention operations.
The technology provides both primary and back-up remote actuation functionality with a mechanical contingency option.
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Omega Completion Technology general manager Fredrik Harestad said: "This is a great milestone for Omega in Norway and very well timed, as confirmation was received on the first anniversary of the business operations in Norway.
"The contract award is a result of dedication, teamwork, our unique technology offering and successful operations over many years. It shows that Statoil has acknowledged Omega as a leading supplier of unique completion equipment."
Omega has, to date, undertaken more than 100 completions deploying ReACT equipment with a 100% remote actuation success.