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Magseis & Statoil Enter into Multi-Year Frame Agreement

Source: www.gulfoilandgas.com 1/8/2014, Location: Europe

Magseis AS is pleased to announce that the Company has entered in to a frame agreement to provide global Ocean Bottom Seismic (OBS) acquisition services for Statoil ASA during the period from 2014 – 2018.

The frame agreement regulates the work that has been awarded for the 2014 and 2015 season as well as for future tenders during the term of the agreement.

Under the agreement, Magseis has been awarded 4D OBS work on the Oseberg and Gullfaks fields during 2014 and the Kvitebj?rn field during 2015. The expected duration of the work is approximately 200 days depending on weather and interference.

“This is a break-through for Magseis and our technology and we are very pleased to have been selected as one of Statoil’s OBS service providers under a multi-year agreement. This establishes Magseis as a leading provider of the next generation of OBS services, and with the expected duration of the current Albatross/Sn?hvit project, we expect that our first vessel Artemis Athene will be occupied with Statoil for the majority of 2014.”, Ivar Gimse, CEO Magseis AS.

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Related Categories: Formation Evaluation  General  Geological, Geophysical  Geophysical Contractors  Mud Logging  Reservoir Engineering & Recovery Methods  Seismic survey  Well Completion, Logging, Workover 

Related Articles: Formation Evaluation  General  Geological, Geophysical  Geophysical Contractors  Mud Logging  Reservoir Engineering & Recovery Methods  Seismic survey  Well Completion, Logging, Workover 


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