Statoil Awads Subsea Framework Agreements on NCS

Statoil Awads Subsea Framework Agreements on NCS

Statoil has awarded framework agreements for subsea operations services on the Norwegian Continental Shelf (NCS). The agreement ensures long-term supply of maintenance and operational support for Statoil’s’ subsea fields.

The framework agreements could have an estimated total value of up to BNOK 14. It compromises subsea operations services for all existing subsea fields, and may also be utilised towards future subsea field developments.

The scope of works covers service and maintenance of subsea production systems during installation and operation phases. Aker Solutions and FMC Technologies shall provide subsea services, including operation, maintenance and modifications.

Secure regularity

These agreements ensure Statoil’s long-term in the supply of maintenance and operational support for our subsea fields.

“Our facilities’ regularity is a key factor in the work we do, and maintenance and operational support subsea is an important part of this. Therefore we are pleased to have solid suppliers performing services for us in these areas” says Jannicke Hilland, head of Joint Operations in Statoil.

Growing market within subsea

With over 500 subsea wells, Statoil is the largest operator under water on the Norwegian shelf. With an aging subsea park, Statoil is a major customer worldwide with regards to maintenance and overhaul – the so-called aftermarket.

“We see 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 however pleased to have secured capacity and competence with Aker Solutions and FMC, companies which are international competitive on subsea services” says Jon Arnt Jacobsen, Chief Procurement Officer in Statoil.

Subsea wells contribute to more than 50% of the total oil and gas production of Statoil. Service and maintenance of subsea production system is an important factor to maintain and increase the production and for Statoil to reach the ambition for 2020.

The framework agreements are signed for the duration of five years, with additional options of three times three years, and will be valid from 01.04.2013.

The estimated value for the firm period is BNOK 5.5 for the agreement with Aker Solutions and BNOK 8.5 for the agreement with FMC Technologies, whereas the actual value of the agreements is depending on Statoil’s demand for subsea services.

Press Release, February 27, 2013