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Industry News

Aker Solutions to Provide $1.9B Intervention Services for Statoil
Aker Solutions has entered a long-term agreement with Statoil to provide a full range of heavy well intervention and light drilling services on the Norwegian continental shelf. The contract period is for eight years, with options for three further two-year periods (2+2+2). Contract value for the initial eight-year period is approximately $1.9 billion. Work will be performed from a new build Category B well intervention rig, which will be owned and operated by Aker Solutions' subsidiary Aker Oilfield Services. more »

Helix ESG’s Q4000 in Drydock, and the Future of Well Intervention
I was invited down to Brownsville, Texas this week to meet with senior executives from Helix Energy Solutions Group (ESG) for an overview of their company’s well intervention operations and a rare opportunity to tour the Q4000 semisubmersible which was in drydock at Keppel AMFELS shipyard. more »

Lupatech announces the cancellation of Light Workover contracts
Lupatech announces the cancellation, with no charge, of the two contracts to provide specialized offshore services related with well workover (intervention and recovery) and chartering of semi-submersible platforms (“Light Workover” or “contracts”), signed on June 7, 2010. more »

Awards for wells done well
The Transocean Leader unit from Transocean and Island Offshore’s light well intervention vessel Island Frontier have been named by Statoil as its rig and intervention team of 2011 respectively. more »

Norway: Eidesvik Sells 50 pct of Newbuild Subsea Vessel
Following the declaration of an option granted to Subsea 7, Eidesvik has sold 50% of the subsea vessel that is under construction at Ulstein Verft (Hull 295). more »

 

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