GE Oil & Gas Awarded Statoilhydro Contract

GE Oil & Gas announced that it has been awarded a five-year contract to deliver Subsea Operations Services (SOS) to StatoilHydro, the Norwegian based oil and Gas Company.

The contract has an estimated value of between $25- $30m per year and will be managed by GE Oil & Gas in Dusavik, Stavanger, Norway. The scope of services to be provided under the agreement relate mainly to the installation and operations phases of StatoilHydro’s subsea fields, including: engineering, procurement, the production of equipment and tools, and electro and mechanical workshop services for corrective and planned maintenance in subsea drilling. Servicing and maintenance of tools and equipment will involve a team of between 100-120 people and will be performed from both the GE Oil & Gas Stavanger facility and across multiple customer sites onshore and on the Norwegian continental shelf.

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