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 €100mln over a four-year period, or more than €200mln if optional periods are included.
DeepWell’s existing contract with Statoil dates back to 2009. The new contract secures activity and a more predictable future 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) and 11 mobile drilling units, and it has a fixed term of four years plus three two-year extension options, for a potential contract period of 10 years. Additional optional scope under the contract includes logging and other conveyance services.
UPDATES:
- May, 16 2026 IVS 2026 Opens Its Doors: A Meeting Point for the Global Valve Industry
- May, 15 2026 UAE Fast-Tracks Fujairah Oil Export Pipeline Expansion
- May, 14 2026 IMI expands NEON portfolio with scalable IIoT monitoring for non-hazardous industrial applications
- May, 13 2026 Ludoil buys Sicilian refinery as war squeezes Europe’s fuel supply
- Manufacturing investments strengthen delivery reliability of Valmet refiner segments