Statoil Signs New Agreements with Aker, OneSubsea

Statoil Petroleum AS has signed master service agreements with Aker Solutions ASA and OneSubsea Processing AS, which form the basis for potential new EPC (engineering, procurement and construction) contracts for subsea equipment in the medium-term future.

In addition to the master service agreements, an EPC option agreement for a subsea production system has also been signed with OneSubsea, including framework agreements for subsea operations services and subsea add-ons. Last year Statoil signed a master service agreement and an EPC contract with FMC Kongsberg Subsea AS for Johan Sverdrup.

Torger Rod, vice president for projects in Statoil, commented in a company statement:

“In light of the current challenges the industry is facing the suppliers have demonstrated commitment and drive to break the cost curve and enhance competitiveness. Statoil has cooperated closely with the suppliers on technology qualification, concept development and pre-engineering studies, and jointly we have delivered successful subsea projects.

“We look forward to continuing the good collaboration going forward. The agreements constitute a framework upon which the suppliers can continue with optimization and cost reducing measures. Future awards will go to the suppliers who are willing to and capable of continuing the drive for sustained quality, standardization, higher efficiency and lower costs.”

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