Statoil awards drilling, well fluids contract to Halliburton for Kristin field

Statoil ASA let a 260 million kroner contract to Dallas-based Halliburton Co. to provide drilling, well fluids, and cementing services for Kristin field in the Norwegian Sea.

By OGJ editors

HOUSTON, Aug. 9 -- Statoil ASA let a 260 million kroner contract to Dallas-based Halliburton Co. to provide drilling, well fluids, and cementing services for Kristin field in the Norwegian Sea. The contract, which extends through the fall of 2004 and can be extended to 2006, also covers pumping and personnel services.

"Kristin is a reservoir under high temperature and high pressure (HTHP), and presents technological challenges," said Bengt Rasmussen, the field's drilling manager. Drilling is due to proceed from the summer of 2003 to the summer of 2006.

Plans call for Kristin to be produced via 12 subsea wells tied back to a floating platform, which will come on stream in the fall of 2005, Statoil said. The field is expected to produce 35 billion cu m of gas to 2016. Over the same time period, the field is expected to produce 220 million bbl of condensate (in the form of light oil) and 8.5 million tonnes of natural gas liquids.

Earlier this year, Statoil awarded a letter of intent valued at 1 billion kroner to Kværner ASA unit Kværner Oil field Products for the construction of a subsea production system for the project (OGJ Online, Feb. 7, 2002).

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