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Statoil's subsea tie-back demand for 2014/2015 secured


Published Jul 6, 2012
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Gullfaks B and C-platforms

The subsea tie-back solutions will contribute to increase oil and gas recovery from Statoil’s fast-track portfolio.

Statoil has awarded FMC a contract for subsea production systems (SPS) for the Gullfaks South field, with options to cover Statoil's subsea tie-back demand in the fast-track portfolio for 2014 and 2015. Estimated contract value is close to NOK 1.2 billion, in addition to possible extentions worth NOK 4 billion.

"Standardised subsea solutions for fast-track developments are important for the development of marginal fields near existing infrastructure. The Gullfaks South project for increased recovery realising 65 million barrels of oil equivalent (boe) illustrates the potential," says head of Statoil’s fast-track developments, Halfdan Knudsen.

Tags: Statoil




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