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FMC Technologies Secures Major Statoil Frame Agreement


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FMC Technologies Secures Major Statoil Frame Agreement

Business

Category: Energy

The framework agreements could have an estimated total value of up to NOK 14 billion. It comprises 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 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 pleased to have secured capacity and competence with Aker Solutions and FMC Technologies, companies which are internationally competitive on subsea services,” says Statoil chief procurement officer Jon Arnt Jacobsen.

Subsea wells contribute to more than 50% of the total oil and gas production of Statoil. Service and maintenance of subsea production systems is an important factor for maintaining and increasing production, and for Statoil to reach its 202 growth ambitions.

The framework agreements are signed for the duration of five years, with additional options of three times three years, and will be valid from 1 April 2013.

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

Source: Statoil

Published: September 22, 2019