Statoil, Aker Solutions cancel Cat B rig

By OGJ editors

Statoil and Aker Solutions are canceling their contract for development of a new type of well-intervention and drilling rig, called Category B, designed to boost oil and gas recovery in fields on the Norwegian continental shelf (OGJ Online, Apr. 17, 2012).

Statoil said “further technology qualification still remains” in development of the rig’s subsea systems.

“Unfortunately, we have to declare that it is impossible to achieve this important, major industrial project within the scope of the current contract,” said Jon Arnt Jacobsen, Statoil’s chief procurement officer.

The rig was to have been able to perform different types of well intervention with cable and coiled-tubing operations and to conduct through-tubing rotary drilling.

Statoil said it will consider alternative approaches to the concept.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...