Aker Solutions secures extended well service agreement with Statoil

Aker Solutions secures extended well service agreement with Statoil

ID: 198429

(Thomson Reuters ONE) -


1 November 2012 - Statoil has exercised a two-year contract option with Aker
Solutions for provision of mechanical wireline services on Statoil operated
fields and mobile drilling units on the Norwegian continental shelf.

The initial three-year contract period started in 2009. Statoil has now
exercised the first of two potential two-year contract options.

Aker Solutions estimates that the two-year contract extension will generate
revenues of between NOK 700-800 million.

The contract will occupy around 400 employees, of which approximately 60 per
cent will be supporting Statoil offshore. Aker Solutions will manage the
agreement from its well service hub at Forus, Stavanger, Norway.

"Our cooperation with Statoil within the mechanical wireline segment dates back
to 1984. This partnership has helped build up and continuously develop a highly
competent well service community on the Norwegian continental shelf. Statoil has
the world's highest recovery rates for offshore oil and gas assets and we are
proud to be a supplier to their success," says Rolf Leknes, head of Aker
Solutions' Scandinavian well intervention services business.

The contract comprises mechanical wireline services on the following Statoil
operated fields: Heidrun; Njord A; Brage; Grane; Gullfaks A, B and C; Heimdal;
Huldra; Kvitebjørn; Oseberg B, C, East and West; Troll A; Veslefrikk; Visund A;
and Volve. The contract also covers mechanical wireline work on the majority of
the mobile drilling units Statoil will utilise at its subsea fields in the North
Sea, including Gullfaks satellites, Heidrun satellites, Hyme, Kristin, Mikkel,
Norne, Oseberg, Tune, Snorre UPA, Snøhvit, Statfjord satellites, Tordis, Troll,
Vega, Vigdis, Visund, Yttergryta and Åsgard. Additionally, Aker Solutions will
deliver onshore operational support to Statoil's field centres at Stavanger,




Bergen, Stjørdal and Harstad.

"Working with Statoil means that we are required to invest energy, competence
and money into technology that enables smarter and more cost-effective ways of
delivering our services. To extend this cooperation effectively means that we
are able to continuously improve our service offering, while Statoil is the end-
beneficiary through improved operational performance and oil recovery rates. We
are delighted to continue supplying mechanical wireline services to Statoil,"
says Wolfgang Puennel, head of well intervention services in Aker Solutions.

Well intervention services are carried out in an oil or gas well, with the
objective of maximising production and increasing the recovery rate of oil and
gas.

Aker Solutions' contract party is Stavanger-based Aker Well Service AS.

ENDS

For further information, please contact:

Media:
Endre Johansen, VP Corporate Communications, Aker Solutions. Tel:
+47 22 94 58 91, Mob: +47 416 10 605, E-mail: endre.johansen(at)akersolutions.com

Investor relations:
Lasse Torkildsen, SVP Investor Relations, Aker Solutions. Tel: +47 67 51 30 39,
Mob: +47 911 37 194.

Suppliers:
For further information about sourcing and potential subcontracts for this
project, please visit www.akersolutions.com/suppliers

Career opportunities:
Visit http://www.akersolutions.com/careers

Aker Solutions provides oilfield products, systems and services for customers in
the oil and gas industry world-wide. The company's knowledge and technologies
span from reservoir to production and through the life of a field.

Aker Solutions brings together engineering and technologies for oil and gas
drilling, field development and production. The company employs approximately
25 000 people in more than 30 countries. They apply the knowledge and create and
use technologies that deliver their customers' solutions.

Aker Solutions ASA is the parent company in the group, which consists of a
number of separate legal entities. Aker Solutions is used as the common brand
and trademark for most of these entities. In 2011 Aker Solutions had aggregated
annual revenues of approximately NOK 36.5 billion. The company is listed on the
Oslo Stock Exchange.

This press release may include forward-looking information or statements and is
subject to our disclaimer, see www.akersolutions.com.




This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.

Source: Aker Solutions ASA via Thomson Reuters ONE
[HUG#1654073]




Weitere Infos zu dieser Pressemeldung:
Unternehmensinformation / Kurzprofil:
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Bereitgestellt von Benutzer: hugin
Datum: 01.11.2012 - 08:00 Uhr
Sprache: Deutsch
News-ID 198429
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