Norway-based oil and gas company Statoil has signed framework agreements with Aker Solutions and FMC Technologies for subsea operation services on the Norwegian Continental Shelf (NCS).
The framework agreements are estimated to be woth about NOK14bn ($2.4bn), of which NOK5.5bn ($955m) is with Aker Solutions and NOK8.5bn ($1.4bn) is with FMC Technologies.
Statoil said the agreement, which will ensure the long-term supply of maintenance and operational support for the company’s subsea fields, will include subsea operations services for all existing fields with an option to extend to future field developments.
As part of the agreement, the scope of work for both Aker and FMC will include service, modifications and maintenance of subsea production systems during installation and operation phases.
The framework deals have been signed for five years, with additional options of three times in three years, which will be valid from 1 April 2013.
Statoil head of joint operations Jannicke Hilland said that maintenance and operational support is an important part of the company’s regularity work.
"Therefore we are pleased to have solid suppliers performing services for us in these areas," Hilland added.
Statoil chief procurement officer Jon Arnt Jacobsen said there is an increasing need for maintenance of wells and subsea systems as part of extending the life of fields offshore.
"This is a growing market for the supplier industry, and we see a lot of interest for these assignments from suppliers worldwide."
"We are pleased to have secured capacity and competence with Aker Solutions and FMC Technologies, companies which are internationally competitive on subsea services," Jacobsen added.
Statoil further added that subsea wells contribute to more than 50% of its total oil and gas production, while service and maintenance of subsea production systems will help the company maintain and increase production, as well as to reach its 2020 growth objectives.
Image: Statoil head of joint operations Jannicke Hilland. Photo courtesy of Statoil.
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