Statoil Awards Production Chemicals Contract to Baker Hughes

HOUSTON—(July 09, 2015)—Statoil Petroleum AS awards Baker Hughes an eight-year contract to design and supply production chemicals to the offshore Norne field and the deepwater Aasta Hansteen field in the Norwegian Sea. Work is anticipated to begin in July 2015, and the contract also includes an extension option of four years.

“This award demonstrates our commitment to continuous innovation of offshore and deepwater solutions,” said Ruben DeVelasco, vice president of Upstream Chemicals for Baker Hughes. “By combining our expertise with the right technology, we believe that we can help increase production and maximize profits throughout the life of the fields.” 

The Norne Field is on the Norne FPSO platform in the Norwegian Sea. The field was initially scheduled to be shut down in 2014, but through systemic maintenance and advancements in technology it is now expected to produce until 2030.

The Aasta Hansteen Field is on the Aasta Hansteen FPSO platform and is the first deepwater development in the Norwegian Sea. Production is anticipated to commence in 2017, and the field is expected to produce beyond 2030. 

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Statoil is an international energy company with operations in 34 countries. Building on 40 years of experience from oil and gas production on the Norwegian continental shelf, we are committed to accommodating the world's energy needs in a responsible manner, applying technology and creating innovative business solutions. Statoil's headquarter is in Stavanger, Norway with approx. 23,000 employees worldwide, and is listed on the New York and Oslo stock exchanges.

Baker Hughes is a leading supplier of oilfield services, products, technology and systems to the worldwide oil and natural gas industry. The company's 53,000 employees work in more than 80 countries helping customers find, evaluate, drill, produce, transport and process hydrocarbon resources. 

Baker Hughes:

Media:
Melanie Kania, Enterprise Media Relations, Baker Hughes.
+1 713-439-8303
Email: melanie.kania@bakerhughes.com

Investor relations:
Alondra Oteyza, Director Investor Relations, Baker Hughes.
+1 713-439-8822
Email: alondra.oteyza@bakerhughes.com

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