Largest single riser contract in Claxton’s history
- Business & Finance
Claxton, an Acteon company, has been awarded a multi-year contract with Det norske oljeselskap ASA of Norway: the largest single riser contract in Claxton’s history.
Running from January 2014 until June 2020 (with optional periods of 1+1 year), the contract includes high- and low-pressure risers, auxiliary equipment and services offshore Norway.
The scope of work includes the procurement of high and low-pressure surface risers for the lvar Aasen field development; the rental of a Claxton 18.3/4”, 7000 psi subsea riser for the Hanz field; the rental of 18.3/4”, 15,000 psi high and 30” low-pressure surface risers for exploration wells on the Norwegian Continental Shelf; options for other field development projects; and high-pressure, high-temperature work during the contract period. The optional services include complete running services for the equipment and providing centralizer systems along with lateral and vertical tension rings.
Laura Claxton, managing director, Claxton, said, “We are very pleased to have secured this contract, which underlines Claxton’s position as the pre-eminent riser supply house in the North Sea and demonstrates that clients value our experience, technical approach and capabilities.”
This capability, backed by a growing catalogue of success in Norway, underlines the company’s commitment to the region and supports its plans for further expansion. Claxton believes continuing growth in riser, decommissioning and structural engineering capabilities, an increased asset base and an ongoing focus on innovation to reduce costs and improve safety, will deliver significant benefits for projects in Norwegian waters.
Claxton continued, “Claxton secured the contract because of its wide range of pressure, connection, bore and complete system options, which is the most comprehensive offering in the North Sea sector. With more than 4000 inventory items, we support one of the biggest call-off stocks of risers in the region – an inventory that is continually expanding. The contract with Det norske oljeselskap ASA is one step in a journey that will see Claxton grow to become a significant operation in Norway.”