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June 27, 2014
08:18 EDTSTOAker Solutions wins five-year contract from Statoil
Aker Solutions secured a contract from Statoil to provide maintenance and modifications services for the Mariner oilfield development in the U.K. North Sea. The five-year framework agreement also has extension options for a total of four years. Aker Solutions' Aberdeen operations will manage the contract work. Aker Solutions will deliver the maintenance planning system in the pre-operations phase of the development, as well as support services during the hook-up and commissioning phase. The contract includes maintenance and modifications services after the field is set to start production in 2017. Both parties agreed not to disclose the contract value.
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February 27, 2015
09:47 EDTSTOStatoil submits Peregrino phase II development plan
Following the sanction of the Peregrino phase 2 project in December, Statoil together with its partner Sinochem submitted the plan of development to the National Agency of Petroleum, Natural Gas and Biofuels in Rio de Janeiro on January 30. The project entails a new well head platform and drilling rig and adds approximately 250M barrels in recoverable resources to Peregrino field. The project entails investments of approximately $3.5B. The Peregrino field has a good track record, with more than 90M barrels produced since first oil in April 2011. Based on the current plan, Peregrino Phase II is expected to start production towards the end of the decade, but Statoil will make adjustments to the schedule should that be necessary. The current solution consists of a wellhead platform with a drilling unit tied-back to the existing FPSO Peregrino. The facilities contains standalone power generation and will export power to WHP-A. A total of 21 wells -- 15 oil producers and 6 water injectors -- are planned to be drilled as part of the Phase II development. The expected recoverable resources from the Phase II development within the concession period until end of 2040 are 250M barrels.

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