Statoil inks new agreements with OneSubsea, Aker Solutions

January 8, 2016

STAVANGER, Norway -- Statoil Petroleum has signed Master Service Agreements with Aker Solutions and OneSubsea Processing.

The agreements form the basis for potential new EPC contracts for subsea equipment in the medium-term future. An EPC option agreement for a subsea production system (SPS) has also been signed with OneSubsea, including framework agreements for subsea operations services and subsea add-ons.

Last year, Statoil also signed a Master Service Agreement and an EPC contract with FMC Kongsberg Subsea for Johan Sverdrup.

“In light of the current challenges the industry is facing, the suppliers have demonstrated commitment and drive to break the cost curve and enhance competitiveness. Statoil has cooperated closely with the suppliers on technology qualification, concept development and pre-engineering studies, and jointly we have delivered successful subsea projects,” Torger Rød, V.P. for projects in Statoil, said.

Collaboration 

The agreements signed form a good basis for future collaboration with three leading subsea suppliers, thereby simplifying future collaboration.

In today’s oil price environment, a sustained focus on costs and efficiency will ultimately be the key to developing several currently marginal prospects and discoveries.

“We look forward to continuing the good collaboration going forward. The agreements constitute a framework upon which the suppliers can continue with optimization and cost reducing measures. Future awards will go to the suppliers who are willing to and capable of continuing the drive for sustained quality, standardization, higher efficiency and lower costs,” Rød added.

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