Sector News

ALTUS Intervention secures 10 year deal with Statoil

July 8, 2016

ALTUS Intervention has landed a 10 year deal with Statoil.

The well intervention provider, which is a subsidiary of Qinterra AS, will deliver mechanical wireline services for the next decade.

Åge Landro, chief executive of Qinterra AS. said: “ALTUS Intervention are pleased to be continuing working with Statoil on this portfolio of installations for another 10 years. This is an important award for us and it confirms the quality of the services we already provide to Statoil. Our position as the market leader in mechanical wireline in the North Sea will be maintained with this agreement secured, which is an important part of the company’s strategy.”

The contract, which will kick-off in February 2017, includes provision of mechanical wireline and fishing services, as well as cased hole logging and tractor conveyance as optional services.

A total of 16 fixed installations, Gina Krog, Grane, Gudrun, Heidrun, Heimdal, Johan Sverdrup, Kvitebjørn, Oseberg B, C, H, East and South, Troll, Valemon, Veslefrikk og Visund are all covered by the agreement

By Rita Brown

Source: Energy Voice

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