AKER Solutions and OneSubsea Processing will provide subsea work for Statoil Petroleum, having recently signed Master Service Agreements with the Norwegian company.

Statoil said the agreements signed form the basis for potential engineering, procurement and construction (EPC) contracts for subsea equipment in the medium term future.

An EPC option agreement for a subsea production system (SPS) has also been signed with OneSubsea, including framework agreements for subsea operations services and subsea add-ons.

In September last year Statoil signed a Master Service Agreement and an EPC contract including options for EPC project with FMC Kongsberg Subsea AS for Johan Sverdrup.

Statoil vice president for projects Torger Rød said the suppliers have shown commitment to break the cost curve and enhance competitiveness.

“Statoil has cooperated closely with the suppliers on technology qualification, concept development and pre-engineering studies, and jointly we have delivered successful subsea projects.”

Statoil said the agreements signed formed a good basis for future collaboration with three leading subsea suppliers, thereby simplifying collaboration in the time ahead.

In today’s oil price environment, sustained focus on costs and efficiency will ultimately be the key to develop several currently marginal prospects and discoveries, the company said.

“The agreements constitute a framework upon which the suppliers can continue with optimisation and cost reducing measures,” he said.

Future awards will go to the suppliers who are willing to and capable of continuing the drive for sustained quality, standardisation, higher efficiency and lower costs.”