Statoil honors Dough puncher Hughes the agreement for incorporated boring administrations

Statoil is granting Pastry specialist Hughes Norway the inland contract for coordinated penetrating administrations for Johan Sverdrup. The evaluated contract quality is NOK 1.5 billion and is substantial for a long time with a four-year augmentation alternative for the whole field life. The administration will be given generally from Stavanger. 

For the Johan Sverdrup field Statoil has chosen to welcome the business to delicate for coordinated administrations with a specific end goal to lessen aggregate well expenses and accomplish more productive well administrations. Dough puncher Hughes will in this manner give the entire scope of administrations inside: 

Establishing and pumping 

Fulfillment 

Penetrating and culmination liquids, and additionally seaward treatment of drill cuttings 

Coordinated boring administrations 

Statoil has now marked a few agreement to build ability and spare expenses, including this coordinated penetrating and well administrations (IDWS) contract for Johan Sverdrup. 

"We are satisfied to grant this agreement to Cook Hughes and accept that this will help accomplish Johan Sverdrup's destinations of safe operations and effective well conveyances furthermore backing Statoil's industry endeavors to decrease aggregate well expenses", says Margareth Øvrum, official VP for Innovation, Tasks and Boring. 

"Penetrating will initiate in 2016. Together with Dough puncher Hughes we will rapidly build up a coordinated operations group, working intently with the boring and apparatus foreman Odfjell to arrange and advance well conveyances. This grant will have imperative influence in driving execution and making quality for Johan Sverdrup", says Øivind Reinertsen, senior VP for the Johan Sverdrup field. 

Realities Johan Sverdrup 

Recoverable assets are anticipated at somewhere around 1.4 and 2.4 billion barrels of oil comparable. 

The venture costs for stage 1 of the Johan Sverdrup advancement are evaluated at some NOK 117 billion NOK (2015 quality). 

The improvement idea for Johan Sverdrup stage 1 will comprise of four establishments, including an utility and settlement stage, a handling stage, a boring stage and a riser stage, notwithstanding three subsea layouts for water infusion. 

The stages will be scaffold connected. The undertaking goes for a recuperation rate of 70% for Johan Sverdrup. 

The Johan Sverdrup organization comprises of Statoil (administrator), Lundin Norway, Petoro, Det norske oljeselskap and Maersk Oil. 

General principle contracts at an estimation of more than NOK 27 billion and more than 45 gear bundle contracts at an estimation of NOK 3.5 billion have been honored to suppliers with Norwegian receipt addresses. 

For more data, please visit: http://www.statoil.c