THREE MORE WELLS FOR AQUATERRA ENERGY IN LATEST LUNDIN NORWAY AWARD
Stavanger, Norway, 08 April 2019: Aquaterra Energy, a leader in global offshore engineering solutions, has been awarded a contract by Lundin Norway to deliver early well construction, via its Well Start solution, on three additional wells in the Edvard Grieg field.
The project follows the company’s initial work in the field which saw it manage the initiation of 14 wells from 2014 through to 2018. The contract will commence in 2019 and is expected to be completed 2020/21.
Well Start handles all early well construction activities including handling third-party interfaces on the client’s behalf, engineering and supply of equipment. This package of services streamlines the supply chain, which minimises the risk of delays and provides operators with multi-million-dollar savings in rig time and resources.
Christian Berven, Business Development Director at Aquaterra Energy, said: “This contract award is a testament to the previous success we have had in this field. Our relationship with Lundin Norway has gone from strength to strength given our record of delivering seamless well initiation for the company.
“This also cements our place as the leading provider of engineering solutions in the North Sea, following our recent success in the Johan Sverdrup field.
“We’re proud that we are opening up even more opportunities for our clients, and that they are realising the benefits our Well Start package can bring to them. Our team now has the process of reducing time to first oil down to a fine art.”
The Edvard Grieg field, is located in production license PL338, in the Utsira High area of the Norwegian North Sea. The field began production in November 2015.