Statoil Awards More Snorre Contracts

Separate frame contracts for delivering downhole instrumentation and control systems (Diacs) to Statoil's Snorre field in the North Sea have been awarded to Schlumberger and WellDynamics. Each worth about NOK 100 million, these deals embrace development, production, testing and installation of these solutions.

The contracts run from May 23, 2003 to June 1, 2006, with options for two 24-month extensions. They can also be widened to cover other Statoil fields during this period.

"With these frame agreements, we've helped to introduce new solutions and create competition over price and technology development in the market," says contract manager Bjørn Schibevaag in Exploration & Production Norway.

WellDynamics has already delivered and installed four Diacs on Snorre B, and the frame contract means that it will continue to supply such equipment to the platform.

But these deliveries will now be in competition with Schlumberger, which will first be in a position to install its equipment during 2004.

Related Companies

Our Privacy Pledge

Most Popular Articles

Brent Crude Oil : $50.47/BBL 0.98%
Light Crude Oil : $49.72/BBL 1.09%
Natural Gas : $2.76/MMBtu 1.09%
Updated in last 24 hours