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HALLIBURTON SUBSEA AWARDED STATOIL YME REMOVAL CONTRACT
STAVANGER, Norway - Halliburton Subsea, a subsidiary within Halliburton Company's (NYSE: HAL) Energy Services Group, has been awarded the Yme Removal Work contract under Statoil's existing Frame Agreement for Marine Operations signed last year. The approximate value of the work order is NOK 17,5 million (US $2 million), with several contract options in existence that may increase the volume of work.
Commenting on the award, Halliburton Energy Services Group President and Chief Executive Officer, Edgar Ortiz, said, "We are delighted to have received this award from Statoil, especially as it is the first major work order under the new frame agreement for Marine Operations. We look forward to our continued service with Statoil, maintaining the standards achieved under the last 5-year Marine Operations frame agreement."
The Yme field, which is located 100 km off Egersund, south west of Norway, is an oil field comprised of a jack-up rig and processing platform, four subsea production wells, one template at Yme Beta East, and a storage/loading STL system. The Halliburton Subsea work scope includes removal of the subsea facilities; dedicated offshore construction vessel Toisa Perseus will be performing the offshore work. The Yme field will be terminated in spring 2001, with contract work scheduled for late summer 2001.
Halliburton's Energy Services Group (ESG) delivers real-time systems, technologies, and services to the upstream oil and gas industry. The Halliburton Subsea segment of ESG provides comprehensive subsea engineering, installation, and construction with a fleet of 84 ROVs, six construction and survey class Dynamic Positioning (DP) vessels, three construction class DP semi-submersibles and an array of subsea production equipment. The depth and breadth of the Energy Services Group's integrated products, services, and solutions allows its customers to more efficiently, find, develop, and produce oil and gas reservoirs.
Halliburton Company, founded in 1919, is the world's largest provider of products and services to the petroleum and energy industries. The company serves its customers with a broad range of products and services through its Energy Services Group, and Engineering and Construction Group business segments.
Contact
Wendy Hagan
wendy.hagan@halliburton.com
Halliburton Company
Public Relations
Americas
(p) 713.676.5619
Birger Haraldseid
birger.haraldseid@halliburton.com
Halliburton Company
Public Relations
Norway
(p) 47.51.83.74.05
Julie MacGregor
julie.macgregor@halliburton.com
Halliburton Company
Public Relations
UK
(p) 44.1224.777182
Employment Contact
jobs@halliburton.com
(p) 800.888.7668
ext. 8005
Supplier/Procurement Contact
Dave Ireland
dave.ireland@halliburton.com
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