Contract for electronic completion

June 5, 2003, 09:00 CEST

Separate frame contracts for delivering downhole instrumentation and control systems (Diacs) to Statoil’s Snorre field in the North Sea have been been awarded to Schlumberger and WellDynamics.

Each worth about NOK 100 million, these deals embrace development, production, testing and installation of these solutions.

The contracts run from 23 May 2003 to 1 June 2006, with options for two 24-month extensions. They can also be widened to cover other Statoil fields during this period.

“With these frame agreements, we’ve helped to introduce new solutions and create competition over price and technology development in the market,” says contract manager Bjørn Schibevaag in Exploration & Production Norway.

WellDynamics has already delivered and installed four Diacs on Snorre B, and the frame contract means that it will continue to supply such equipment to the platform.

But these deliveries will now be in competition with Schlumberger, which will first be in a position to install its equipment during 2004.