Statoil contributes $1.5 billion to UK Supply Chain

Contracts awarded by Statoil to the UK supply chain have surpassed $1.5 billion, Statoil Production UK’s Managing Director Gunnar Breivik confirmed Wednesday.

Speaking at the Oil and Gas Industry Conference in Aberdeen, Breivik revealed that all the largest contracts for the operational phase on the Statoil operated Mariner field, located on the East Shetland Platform of the UK North Sea, had been awarded to companies established in Aberdeen.

Addressing audience members at the Oil and Gas Industry Conference earlier, Breivik stated:

"In the tendering process for operational contract scopes we are pleased to experience excellent capacity and quality in the UK Supply chain. We also see a constructive response to the challenges we are all facing."

Although Breivik underlined that efforts to increase efficiency and reduce costs need to continue, he stressed the need to encourage young people seeking a career in the oil and gas sector.

"Internally, we have been very conscious of upholding recruitment of graduates and apprentices, because this is a long term industry that will need young and bright minds for many decades ahead. My perspective is that the people that will turn off the lights on Mariner are probably not born yet."

Statoil recently announced that up to 1,500 employees could be let go by the end of 2016, as part of the company’s plan to save $1.7 billion. Breivik told members of the Aberdeen conference that these internal changes "were painful but necessary".



Have a news tip? Share it with Rigzone!
Email news@rigzone.com

WHAT DO YOU THINK?

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
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE

More from this Author
Rigzone Staff
e-mail us at news@rigzone.com
 -  Petronas: LNG Train 9 in Sarawak Moves... (Jan 23)
 -  Xodus Wins Apache North Sea Well Contr... (Jan 23)
 -  FAR: SNE 5 Appraisal Well Spuds Offsho... (Jan 23)
 -  Shell to Reshuffle Head of Exploration... (Jan 23)
 -  Scottish Government Reveals New Subsea... (Jan 20)


Most Popular Articles

From the Career Center
Jobs that may interest you
Senior Substation Engineer
Expertise: Engineering Manager
Location: Florida, FL
 
Automation Technician - DJ Basin - CO
Expertise: Field Comm / SCADA|Field Service Tech|Instrumentation Technician
Location: Greeley, CO
 
Senior Mechanical Engineer
Expertise: Mechanical Engineering
Location: Phoenix, AZ
 
search for more jobs

Brent Crude Oil : $55.49/BBL 2.45%
Light Crude Oil : $52.42/BBL 2.04%
Natural Gas : $3.2/MMBtu 5.04%
Updated in last 24 hours