NorSea AS awarded significant base services contract with Total E&P Norge
(Stavanger, 13 December 2012) NorSea AS has signed a new contract with Total E&P Norge for the supply of base services related to the development of the Martin Linge oilfield and Total’s oil exploration. The contract is valued at approximately NOK 400 million.
Under the contract, which has a contractual period of 8 years + 8 annual options, NorSea will be supplying base services related to project development and operation of the Martin Linge oilfield, and general oil exploration operated by Total.
"Being awarded the contract means a great deal to us, and we look forward to a good collaborative relationship," says Rune Veenstra, CEO of NorSea. "As a result of being awarded the contract, we will be starting the construction of a new, tailor-made terminal building next year, in order to accommodate Total's requirements."
The Martin Linge contract includes supply base services such as loading and unloading, material handling, storage facilities, outdoor storage area, personnel and forklift trucks, plus installation and operation of RFID (radio-frequency identification) technology involved in tracking critical drilling and operating equipment.
The contract also contains additional options on e.g. supply of marine gas oil (MGO) and liquefied natural gas (LNG), plus the use of other bases within the NorSea system. Through ownership interests, NorSea operates nine supply bases along the Norwegian coast.
The contract's starting date is 1 July 2013.
The development of Martin Linge
Martin Linge is a new oilfield development in the North Sea. The field contains gas/condensate and oil, and was originally discovered over 30 years ago. The licensees are Total E&P Norge (operator) with 51%, Petoro 30% and Statoil 19%.
Facts about the field
- Located in the North Sea, 42 km west of the Oseberg field and 180 km west of Bergen
- Water depth 115 metres
- Estimated reserves are 190 million barrels of oil equivalents
- Production start-up is planned in the fourth quarter of 2016
For further information, contact:
Rune Veenstra, managing director, NorSea AS tel: +47 51 85 30 71 (office), + 47 950 29 787 (mob)
Leif Harald Halvorsen, communication manager, Total E&P Norge tel: + 47 51 50 35 75 (office), + 47 917 01 515 (mob)
Martin Tiffen, Managing Director Total E&P Norge and Rune Veenstra, Managing Director NorSea, signed the base services contract.
(Photo: Morten Berentsen / MBMultimedia.no)