STATOIL has signed up the UK arm of Schlumberger to develop its giant Mariner field east of the Shetland Islands, in a move that shows confidence in the oil industry after a week in which some suggested it is unviable at current crude prices.
The contract for integrated drilling and well services is said to “go beyond the normal scope” of similar deals Statoil has completed in the past.
Aberdeen-based Schlumberger Oilfield UK will deliver all the main services for Mariner, including drilling, completion, electrical submersible pumps (ESPs), cement and fluids.
A total of 22 drilling and well services are included in the scope, including a logistics support responsibility that goes beyond the normal scope for similar Statoil contracts. Gunnar Breivik, managing director for Statoil Production UK, said: “This is a very significant agreement for the Mariner project, and the result of an innovative, new procurement approach, where the supplier will work as an integrated part of the Statoil team delivering most of the drilling and well services.”
The contract will start in January and lasts for four years, with options to extend it for several more.
Mariner is the largest field development on the UK continental shelf in more than a decade, and will be in production for at least 30 years. Drilling is planned to start in 2016 with production following in 2017.
Located about 150 kilometres east of the Shetland Isles, it is operated by Statoil with JX Nippon and Dyas as co-venturers.
SUBSCRIBE TO THE SCOTSMAN’S BUSINESS BRIEFING