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GE, Statoil sign subsea deal

GE Oil & Gas signed a framework agreement with Statoil to provide subsea operations services for the Statoil’s operated fields Tordis, Vigdis, Snorre and Troll, located northwest of Stavanger. The agreement will be effective on 1 October 2015.

GE will provide subsea operations services, including offshore installation and intervention, equipment repair and maintenance, studies, upgrades and modifications. The services will be run from GE’s Dusavik site, outside of Stavanger

The frame agreement will ensure cooperation between the two parties, with GE providing personnel to  support Statoil’s production targets.

“We are very pleased to have reached an agreement working with Statoil to come up with solutions for turning maintenance into lifecycle optimization, helping Statoil in meeting their STEP (Statoil Technical Efficiency Program) targets within subsea operations,” said Tom Huuse, services leader for Nordic region at GE Oil & Gas.

IImage of Statoil's Asgard subsea compressor. From Statoil.

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