DeepWell in long term wireline services deal with Statoil

DeepWell in long term wireline services deal with Statoil

Norwegian well intervention company DeepWell has secured a long-term contract for the provision of mechanical wireline services to Statoil.

The contract value for the firm period, including options for add-on services, is estimated to exceed NOK 1 billion ($118 million) over a four-year period. If the option periods are included the value of the deal climbs to more than NOK 2 billion.

DeepWell’s existing contract with Statoil dates back to 2009. The new contract secures activity and visibility for DeepWell and its employees for the next decade.

The contract covers provision of mechanical wireline services for 10 fixed installations (Gullfaks A, B & C, Statfjord A, B & C, Snorre A & B and Sleipner A & Vest) as well as 11 floaters (semi-submersible drilling rigs), and establishes DeepWell as the largest player in this market.

The contract has a fixed term of 4 years plus three 2-year extension options, for a potential contract period of 10 years. Additional optional scope under the contract includes logging and other conveyance services.

 

Share this article

Follow Offshore Energy Today

Events>

<< Oct 2019 >>
MTWTFSS
30 1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31 1 2 3

Executive Oil Conference & Expo 2019

Executive Oil Conference and Exhibition is a unique opportunity to meet with all of the region’s…

read more >

Oil & Gas Vietnam 2019

Oil & Gas Vietnam (OGAV) 2019 is the only specialized oil & gas event in Vietnam that brings together an international congregation of both upstream and downstream oil and gas companies and also its supporting industries gathered in the heart of Vietnam’s oil and gas industry in Vung Tau, to showcase the latest developments in the oil and gas industry.

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply