Statoil has exercised a two-year contract extension with Altus Intervention for the provision of mechanical wireline services on Statoil-operated fields and mobile drilling units on the Norwegian continental shelf.
The scope of the extended contract has been expanded to also include three of the four Cat D rigs currently under construction.
Altus Intervention, previously known as Aker Solutions’ Well Intervention Services, has provided mechanical wireline services to Statoil since 1984. The new two-year contract extends the partnership until early 2017, and Altus Intervention estimates that the contract will generate revenues close to NOK1 billion.
The contract will occupy around 400 employees, of which approximately 60% will support Statoil's offshore operations. Altus Intervention will manage the agreement from its worldwide headquarters, in Stavanger, Norway. The company will also deliver onshore operational support to Statoil's field centres at Stavanger, Bergen, Stjørdal, and Harstad.
For offshore work, the contract comprises of mechanical wireline and some optional logging services on the following Statoil operated fields: Heidrun; Njord A; Grane; Gullfaks A, B and C; Heimdal; Huldra; Kvitebjørn; Oseberg B, C, East and West; Troll A; Veslefrikk; Visund A; and Volve. The contract also covers mechanical wireline work on the majority of the mobile drilling units Statoil use in the North Sea, including Gullfaks satellites, Heidrun satellites, Hyme, Kristin, Mikkel, Norne, Oseberg, Tune, Snorre UPA, Snøhvit, Statfjord satellites, Tordis, Troll, Vega, Vigdis, Visund, Yttergryta, and Åsgard.
Under the new contract extension, Altus Intervention will perform all mechanical wireline work on the three new Cat D rigs Songa Equinox, Songa Endurance and Songa Encourage.
Altus Intervention offers wireline, wireline tractor, coiled tubing, LMS and logging services in Norway, Denmark and the UK. Its UK operation also offers pipeline and process services. Well intervention services are carried out in an oil or gas well, with the objective of maximizing production and increasing the recovery rate.
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