Statoil Awards Maintenance Deals worth $2.7B

Statoil has awarded maintenance and modification agreements worth $2.7 billion to a handful of companies for the energy firm’s installations on the Norwegian continental shelf and onshore plants at Sture, Kollsnes, Karsto and Melkoya. Competition agreements for more complex modification services have also been awarded.

Maintenance and modification work is essential for the safe and efficient operation of Statoil’s offshore and onshore installations, according to the company. The main contractor agreements have been awarded to Aibel AS, Apply Sørco AS, Reinertsen AS and Wood Group Mustang Norway AS with a contract period of six years, plus a four-year extension option, starting in the first quarter of 2016. Remaining options of existing maintenance and modifications agreements will not be exercised.

The competition agreements – which have been awarded to Aibel AS, Aker Solutions AS, Apply Sørco AS, Reinertsen AS and Wood Group Mustang Norway AS - cover a period of ten years and also start in the first quarter of 2016. The agreements form the basis for individual project competitions where one, two or more suppliers are invited to participate.

Kjetil Hove, Statoil’s senior vice president for operations technology of development and production Norway, commented in a company statement:

“These awards will strengthen the NCS competitiveness and stimulate long-term activity and value creation. We look forward to cooperating with the suppliers, and jointly achieve lasting and sustainable improvements with regard to efficient production, safe operation and high integrity at our plants.”

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