Aker Wins Statoil Wireline Tractor Contract

Aker Solutions announced Monday that it has won a contract with Statoil to deliver wireline tractor services for the Norwegian Continental Shelf in a deal that it expects will generate revenues in excess of $17.5 million (NOK 100 million) per year.

The frame agreement is valid for four years between 2013 and 2017, with two additional two-year options to extend the contract. Aker will deliver well intervention services using wireline tractor technology and application tools it has developed itself.

Platforms that that will receive the wireline tractor services include Statfjord, Volve, Sleipner, Snorre, Gudrun, Dagny and Ermintrude. Aker will also provide wireline tractor services to several fields on the NCS.

"Statoil already has a recovery rate of 50 percent on their fields. They now have an ambition of increasing that to 60 percent. Both these figures are quite remarkable. We look forward to continue supporting Statoil in reaching their ambitious recovery rate target," said Wolfgang Puennel, head of well intervention services in Aker Solutions, in a statement.




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