Norwegian oil main Statoil has awarded three new subsea upkeep framework agreements, extending to 2023, to Aker Solutions, TechnipFMC and OneSubsea, with a complete estimated worth of greater than US$970 million (NOK8 billion).

In addition, the contracts embody choices for a complete of 20 years, which may push up the entire worth to about $four.83 billion (NOK40 billion), ought to all of the choices with the assumed scope of labor be exercised.


The new agreements apply to Statoil-operated subsea wells on the Norwegian continental shelf with tools from the aforementioned suppliers and embody upkeep of apparatus belonging to greater than 500 wells. The figures embody deliberate wells within the area developments of Johan Castberg (pictured, picture from Statoil) and Snorre Expansion Project.

The contracts apply to subsea upkeep and extra tools for the Norwegian continental shelf, with work each offshore and onshore. The agreements are efficient from 1 March 2018, with a five-year fastened period and 5, four-year choices.

“We have entered into long-term agreements lasting for 25 years with all choices included. This gives elevated predictability and secure framework situations each for the suppliers and us. The negotiations have been constructive and now we have agreed on agreements with simplified necessities. We have established a very good start line for protected and environment friendly subsea properly actions on the Norwegian continental shelf going ahead,” says Pål Eitrheim, Statoil’s chief procurement officer.

“Production from subsea wells constitutes a major a part of Statoil’s whole volumes from the Norwegian continental shelf. The new framework agreements are due to this fact essential to attain a sustainable price stage and long-term manufacturing. The agreements present us with a very good basis for persevering with the shut cooperation associated to additional streamlining, digitalisation and know-how growth inside the subsea market,” says Kjetil Hove, senior vice chairman for operations know-how.

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Most of the upkeep work will likely be carried out on the Ågotnes Base exterior Bergen, along with the Polar Base in Hammerfest. 


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