Statoil awarded OneSubsea a massive maintenance contract

Statoil has awarded new subsea maintenance framework agreements to Aker Solutions, TechnipFMC of OneSubsea, according to a brief released by the same Statoil. The contracts have a total estimated value of more than NOK 8 billion (€830 million) and a duration extending to 2023. In addition, the contracts include options for a total of 20 years. The estimated total value will be approximately NOK 40 billion (€4.15 billion), should all the options with the assumed scope of work be exercised.
The new agreements apply to Statoil-operated subsea wells on the Norwegian continental shelf with equipment from the aforementioned suppliers and include maintenance of equipment belonging to more than 500 wells. The figures include planned wells in the field developments of Johan Castberg and Snorre Expansion Project.
The contracts apply to subsea maintenance and additional equipment for the Norwegian continental shelf, with work both offshore and onshore. The agreements are effective from 1 March 2018 with a fixed duration of five years and include five four-year options.
Most of the maintenance work will be carried out at the Ågotnes Base outside Bergen, in addition to the Polar Base in Hammerfest.