Statoil Awards $1.6B of Contract Options

Norway's Statoil reported Thursday that it has exercised options worth $1.6 billion between 2014 and 2016 with nine suppliers.

The suppliers provide a range of services, including maintenance and modification (M&M) as well as isolation, scaffolding and surface protection (ISS) suppliers.

The M&M work is for 22 facilities offshore and onshore, while the ISS work is for 20 facilities.

"Statoil wants competent suppliers which can contribute to safe and efficient operations. The exercising of the options is based on an assessment of several factors, such as experience, future needs, market development, HSE and quality. These contract extensions will have ripple effects in Norwegian industry," Statoil Chief Procurement Officer Jon Arnt Jacobsen said.

Companies awarded options by Statoil include: Aibel AS, Aker Solutions MMO AS, Reinertsen AS, Fabricom AS, Apply Sørco AS, Linjebygg Offshore, Beerenburg Corp, Kaefer Energy and Bilfinger Industrier.

Statoil also reported Thursday that it has appointed Ame Sigve Nylund as its new executive vice president for development and production Norway.

Have a news tip? Share it with Rigzone!


Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies

Our Privacy Pledge

More from this Author
Rigzone Staff
e-mail us at
 -  GLA is 'Single Accumulation', Largest ... (Mar 27)
 -  Software Developer Mltech Completes Fi... (Mar 27)
 -  Aberdeen City Council Lifts Finance Ba... (Mar 27)
 -  Total-Borealis-Nova JV to Build Ethane... (Mar 27)
 -  Shell to Sell Gabon Onshore Assets for... (Mar 24)

Most Popular Articles

From the Career Center
Jobs that may interest you
Well Service Equipment Mechanic
Expertise: Well Servicing & Testing
Location: Houma, LA
Field Service Technician Trainee
Expertise: Field Service Tech
Location: Casper, WY
Petroleum Inspector Trainee - Saybolt
Expertise: Field Service Tech|Marine Surveying|Surveying
Location: Cincinnati, OH
search for more jobs

Brent Crude Oil : $50.75/BBL 0.09%
Light Crude Oil : $47.73/BBL 0.50%
Natural Gas : $3.05/MMBtu 0.97%
Updated in last 24 hours