Statoil is entering into frame agreements involving maintenance and modification work valued at NOK 49 billion, options included.

The agreements, which have duration of four years with two two-year extension option, will occupy more than 5,000 people during the period.

Five companies have given their assent to the letters of intent sent by Statoil on behalf of the licence partners in question. These companies will carry out maintenance and modification work on all of Statoil’s installations on the Norwegian continental shelf in the coming years.

The agreements also apply to the land facilities on Sture and Melkøya, as well as Kårstø and Kollsnes where Statoil – in its capacity as technical service provider – is signing agreements on behalf of the operator, Gassco.

Tags: Statoil