Statoil gives Røkke major contract in the North Sea

Kjell Inge Røkke’s Aker Solutions will build and operate a new oil rig, based on new technology, for Statoil. The contract is worth USD 1.9 billion over eight years.

BY OLE ANDERSEN

Published: 17.04.12 at 15:28

The Kjell Inge Røkke controlled yard and offshore group Aker Solutions will build and operate a new oil rig for Statoil in the North Sea, which will reduce the company’s well intervention costs by as much as 40 percent. The contract is worth USD 1.9 billion or approximately NOK 11 billion over a period of eight years. The rig is based on Statoil’s own design and specifications, writes Norwegian newspaper Dagens Næringsliv.

“The Norwegian continental socket is known for its very high extraction degrees. With this decision, Statoil and its partners are making a quantum leap. We are pleased to support Statoil in the development of the new technology and innovative business model,” says CEO Øyvind Eriksen of Aker Solutions.

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