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.
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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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By GlobalDataOmega 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.
