GE Oil & Gas nets deal with Statoil for subsea work in North Sea

GE Oil & Gas will service subsea operations for the Statoil-operated fields Tordis, Vigdis, Snorre and Troll, located in the Norwegian North Sea.

The companies have signed a framework agreement according to which GE Oil & Gas will run the services from its Dusavik site. The services that GE Oil & Gas will provide include offshore installation and intervention, equipment repair and maintenance, studies, upgrades and modifications.

Tom Huuse, Services Leader for Nordic Region at GE Oil & Gas, said: “We are very pleased to have reached an agreement working with Statoil to come up with solutions for turning maintenance into lifecycle optimization, helping Statoil in meeting their STEP (Statoil Technical Efficiency Program) targets within subsea operations. This is an important contract of significant value to us, and one which will allow continued investment by GE Oil & Gas at our state-of-the-art services facility in Dusavik outside of Stavanger. It represents growth in the region and secures the sustainability of our Subsea Services business in Norway.”

The subsea services company notes that the frame agreement is effective October 1.

The Troll oil and gas field contains about 40 per cent of total gas reserves on the Norwegian continental shelf (NCS).

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