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OSM Offshore Announces New Contract With Statoil

Source: 11/7/2013, Location: Europe

OSM Offshore has agreed to enter into a 6 years contract with Norwegian energy company Statoil Petroleum AS to operate the Heidrun FSU. The Heidrun FSU is currently being built by Samsung Heavy Industries at the world's second-largest shipyard in Geoje Island, Republic of Korea and is expected to be on location at the Heidrun field in the first half of 2015.

The contract between OSM Offshore and Statoil Petroleum for full management of the Heidrun FSU is a long-term contract with options for further extension until 13 years.

The Heidrun FSU will be permanently connected to a buoy, and the oil will be lifted from the FSU by use of shuttle tankers. The FSU will be permanently manned and has an expected design life of 30 years.

- This is a landmark contract for OSM Offshore AS and confirms our skills and experience in the specialist offshore management segment. We are already operating several units in this market and our ambition is to further grow in this segment by performing excellent services to our customers. This contract is a big step forward in meeting our ambitions, says Managing Director Eivind Nordal, OSM Offshore.

- Statoil is one of the world’s leading oil and energy companies and I am delighted that they have recognised OSM’s capabilities and expertise in FSU operations. I look forward to a long co-operation with Statoil and I have every confidence that we have the technical and operational abilities to deliver and operate the Heidrun FSU for this leading oil company, Nordal says.

Statoil is an international energy company with operations in 34 countries. Building on 40 years of experience from oil and gas production on the Norwegian continental shelf, Statoil is committed to accommodating the world's energy needs in a responsible manner, applying technology and creating innovative business solutions. Statoil is headquartered in Stavanger, Norway with approx. 23,000 employees worldwide, and is listed on the New York and Oslo stock exchanges.

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Related Categories: Consultancy  Engineering  FEED  General  Maintenance and Repair  Process Technology Licensing  Production Engineering  Project & Resource Management 

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