Contractors Unlimited

Well Service Contract Award to Aker Solutions

Aker Solutions Aker Solutions has been awarded a contract with StatoilHydro to provide mechanical wireline services on StatoilHydro operated fields and mobile drilling units on the Norwegian continental shelf.

The initial contract period is for three years and two months, with two additional two-year (2+2) options. Aker Solutions estimates that the initial three-year contract will generate income of approximately NOK 850 million. The contract will run from 1 December 2009.

Aker Solutions is currently providing well services to StatoilHydro on the Tampen and Halten/Nordland area, but expects the new contract to increase the level of activity moving forward.

The contract comprises mechanical wireline services on the following StatoilHydro operated fields: Heidrun; Njord A; Brage; Gullfaks A, B and C; Heimdal; Huldra; Kvitebjørn; Oseberg B, C, East and West; Troll A; Veslefrikk; and Visund A. The contract also covers mechanical wireline work on the majority of the mobile drilling units StatoilHydro will utilise at its subsea fields in the North Sea. Additionally, Aker Solutions will deliver onshore operational support to StatoilHydro's field centres at Stavanger, Bergen, Stjørdal and Harstad.

"We estimate that this award will secure work for around 350 staff, of which a third will be located onshore and two-thirds offshore," says Ole Petter Thomesen, president of Aker Solutions' well service business unit.

Aker Solutions' contract party is Stavanger-based Aker Well Service AS.

Posted 29/05/09

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