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ALTUS Intervention Secures Long Term Agreement with Statoil

Source: www.gulfoilandgas.com 7/7/2016, Location: Europe

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ALTUS Intervention secures long term frame agreement with Statoil. The agreement involves the provision of mechanical wireline and fishing, as well as cased hole logging and tractor conveyance as optional services. A total of 16 fixed installations, Gina Krog, Gudrun, Heidrun, Heimdal, Johan Sverdrup, Kvitebjorn, Oseberg (B, C, H, East and South), Troll, Valemon, Veslefrikk og Visund, will be covered by the agreement.

The start of the agreement will be February 1st 2017. Age Landro, CEO 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.”

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