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Norwegian firm to provide well intervention services to Statoil

02nd October 2012

Aker Solutions’s wireline tractor services to boost Statoil’s Norwegian exploration

Norwegian firm to provide well intervention services to Statoil
The frame agreement is valid from 2013 to 2017, with the possibility of two two-year extensions

A Norwegian oilfield services firm will provide well intervention services to oil and gas company Statoil, it emerged on Monday, as part of plans to boost resource recovery rates in the Norwegian continental shelf.

Aker Solutions will deliver wireline tractor services to Statoil, as part of a USD 17.47m four-year frame agreement with the Norwegian energy major, Aker announced in a press release on Monday.

Tractor systems increase logging range and perforating capabilities in horizontal and high-angle wells, where gravity descents are no longer viable. They reduce both operational costs and HSE risk, Aker added.

Under the agreement, Aker will deliver wireline tractor services to seven of Statoil’s platforms in Stavenger in the south of Norway’s continental shelf, in addition to 16 fields along the Norwegian Sea.

The agreement also includes the option to deliver wireline tractor services from mobile drilling and light well intervention units operating out of Stavanger, Aker said.

Statoil hopes to increase resource recovery rate in its fields from 50 to 60 per cent, according to Wolfgang Puennel, head of well intervention services at Aker Solutions.

The frame agreement is valid from 2013 to 2017, with the possibility of two two-year extensions.

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