Well intervention provider Altus Intervention, a subsidiary of Norway's Qinterra, has secured a long-term frame agreement with Statoil for the delivery of mechanical wireline services.
The total duration of the agreement, including options, is 10 years and with an estimated value of US$140,000 (NOK 1.200 million).
The agreement, secured by the Altus Intervention team, involves provision of mechanical wireline and fishing services, as well as cased hole logging and tractor conveyance as optional services. A total of 16 fixed installations, Gina Krog, Grane, Gudrun, Heidrun, Heimdal, Johan Sverdrup, Kvitebjørn, Oseberg (B, C, H, East and South), Troll, Valemon, Veslefrikk og Visund, will be covered by the agreement. The start of the agreement will be 1 February 2017.
Åge Landro, CEO of Qinterra said: “Altus Intervention are pleased to be continuing working with Statoil on this portfolio of installations for another 10 years. This is an important award for us and it confirms the quality of the services we already provide to Statoil. Our position as the market leader in mechanical wireline in the North Sea will be maintained with this agreement secured, which is an important part of the company’s strategy.”