Five-Year Contract Valued at More Than US $100 Million
GE Oil & Gas announces that it has been awarded a five-year contract to deliver Subsea Operations Services (SOS) to StatoilHydro, the Norwegian based oil and gas company. The contract has an estimated value of between US$25- $30 million per year and will be managed by GE Oil & Gas in Dusavik, Stavanger, Norway.
The scope of services to be provided under the agreement relate mainly to the installation and operations phases of StatoilHydro’s subsea fields, including: engineering, procurement, the production of equipment and tools, and electro and mechanical workshop services for corrective and planned maintenance in subsea drilling.
Servicing and maintenance of tools and equipment will involve a team of between 100-120 people and will be performed from both the GE Oil & Gas Stavanger facility and across multiple customer sites onshore and on the Norwegian continental shelf.
“This significant contract win is an outcome of a long-standing cooperation and partnership between StatoilHydro and GE Oil & Gas. It reflects the strength of our Stavanger subsea equipment and services facility and our proven ability to successfully deliver results in the world’s most challenging subsea environments”, said Jan Henry Melhus, GE Oil & Gas Manager for Regional Services.
The agreement will be used to determine the scope of service work to be conducted on future StatoilHydro field developments, as well as the operation of existing fields that currently implement GE Oil & Gas equipment and services. This includes GE Oil & Gas’ previous delivery to projects such as Snorre B, Snøhvit, Tordis, Vigdis, Troll Olje and the Troll Pilot subsea processing plant.