Gulf Oil and Gas accountACCOUNT

Statoil Awards NOK9.4 B Contracts for LWI Vessels

Source: www.gulfoilandgas.com 5/23/2012, Location: Europe

Statoil has awarded contracts for new light well intervention (LWI) vessels. These “category A” units will contribute to increased recovery from Statoil’s approximately 500 operated subsea wells on the Norwegian continental shelf (NCS).

Statoil has on behalf of relevant licensees awarded a contract to Island Offshore Management and Eide Marine Services for the charter of a total of three LWI vessels. These purpose-built vessels are used for performing light well interventions, well operations and well maintenance without a riser-based system. Statoil can reduce well intervention costs by about 60% by utilising a LWI vessel instead of a conventional rig.

“Performing these types of conventional jobs on subsea wells with low volumes of oil in place is expensive. The LWI vessels ensure both cost-efficient and safe operations,” says Statoil’s head of drilling and well Oystein Arvid Haland.

“Having more and new vessels of this category also helps increase recovery from fields on stream by opening new zones in the well, and stopping water production downhole.”

The contracts are worth a total of NOK 9.4 billion. Island Offshore vessels Island Frontier and Island Wellserver, which already have contracts with Statoil, have been awarded new five-year contracts. Eide Well Intervention, a new supplier in this segment for Statoil, has been awarded an eight-year contract for their newbuild, which employs a completely new technology. The contracts with both companies come into effect in the spring of 2015, and include two options to extend for another two years. A growing number of discoveries are developed via subsea wells, and it is important both to have equipment capable of maintaining these and to avoid using conventional drilling rigs for this type of work. The rig market on the NCS is characterised by an aging rig fleet, and it is necessary to ensure sufficient and adequate rig capacity at sustainable rates. To address this, Statoil has put light LWI vessels – category A units – into service on a large scale.

“We have great ambitions and a long-term perspective on the NCS. Using purpose-built rigs and vessels in our operations is an important part of Statoil’s rig strategy. The high number of subsea wells in the future will require maintenance, and we are securing capacity in order to meet this need,” says Statoil’s chief procurement officer Jon Arnt Jacobsen.

“Island Offshore has delivered solid services and we expect the same going forward. At the same time we are pleased to have increased the number of suppliers in this market, and through the Eide Well Intervention newbuild we are also employing the latest available technology. Together these three vessels will provide us with an efficient service fleet for light well intervention services.”

Statoil has been pursuing riserless well intervention in subsea wells since 2000, and the technology has steadily improved. The category A units will perform services for Statoil and the partners on the ?sgard, Norne, Gullfaks, Oseberg, Heidrun, Sn?hvit, Tyrihans, Tordis/Vigdis, Snorre, Statfjord and Sleipner fields. The contract awards are contingent on partner approval.

FPSO Vessels and Equipment News in Norway >>

Brazil >>  4/23/2019 - OOS International and CIMC Raffles are pleased to announce that they have been awarded a 5-year contract for the flotel OOS Tiradentes by Petrobras. T...
Norway >>  4/23/2019 - Following the stock exchange notification published by Electromagnetic Geoservices (EMGS) on 28 March 2019, wherein the Company announced that it was ...

United States >>  4/22/2019 - Oceaneering International, Inc. (Oceaneering) is pleased to announce that the company has taken delivery of the advanced subsea construction support v...
Singapore >>  4/17/2019 - Keppel Offshore & Marine Ltd (Keppel O&M) has through its wholly-owned subsidiaries, Keppel Shipyard Ltd (Keppel Shipyard) and Keppel FELS Limited (Ke...

United Kingdom >>  4/16/2019 - DNV GL has worked with Dana Petroleum since 2012 with the development of the Western Isles floating production storage and offloading (FPSO) vessel. T...
Denmark >>  4/12/2019 - On 4 April 2019, Maersk Supply Service signed a contract with Eniram, a Wartsila company, to install an Energy Advisory System on its vessels. The sys...

Related Categories: Diving Contractors  Dredging  FPSO Vessels and Equipment  General  Marine Services  Mooring Systems  Offshore Platforms  Subsea Production 

Related Articles: Diving Contractors  Dredging  FPSO Vessels and Equipment  General  Marine Services  Mooring Systems  Offshore Platforms  Subsea Production 


Norway Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 |

More News

Related Links

00 AL AT BE BG CH CY CZ DE DK ES FI FR GR HR HU IE IT NL NO PL PT RO SE SI TR UK
Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.