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HALLIBURTON SUBSEA AWARDED CONTRACT TO REPAIR SUBSEA CONNECTORS FOR STATOIL AT THE ÅSGARD FIELD
DALLAS, Texas - Halliburton Subsea, a subsidiary within Halliburton Company’s (NYSE: HAL) Energy Services Group, has been awarded a work order from Statoil to repair subsea connectors in the Åsgard field under a frame agreement for Marine Operations. Valued at approximately NOK 250 million (U.S. $27.5 million), the work order includes the recovery of spool pieces to surface for repair, as well as the recovery of several pipeline ends.
The Åsgard field, which is located 250 km north off Kristiansund in the Haltenbank area, is one of Norway's largest oil and gas fields, and came on stream in 1999. A critical weakness has been identified in several hubs (pipeline connectors), requiring that the connectors be changed. The Statoil replacement agreement calls for specially designed and fabricated equipment; the Semi 2, MSV Maxita and MV Geofjord will be utilized as tie-in vessels. The Åsgard field water depth ranges from 245 to 310 meters, and all subsea construction work will be performed diverless.
Commenting on the award, Edgar Ortiz, Halliburton Energy Services Group president and chief executive officer, said, "This project calls for special skills in marine and underwater technology. Halliburton Subsea is committed to providing Statoil with the best resources in order to meet the demanding schedule and technical challenges."
Country Director, Halliburton Subsea in Norway, Jens Christian Terjesen added, "This is the largest work scope awarded under our new frame agreement with Statoil, and we are delighted with this important project."
In order to meet the client's schedule, the project team commenced with design work immediately following receipt of the work order. The offshore program will begin the first of May with completion scheduled for the end of the year.
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
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Halliburton Company
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Halliburton Company
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Julie MacGregor
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Halliburton Company
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