DeepWell Signs Long Term Well Intervention Contract with Lundin Norway

Image courtest Lundin Petroleum

DeepWell, the Norwegian well intervention specialist, announced today the winning of a four year contract with Lundin Norway for wireline services on the Edvard Grieg field in the Norwegian North Sea, 180 kilometers west of Stavanger.

The contract will commence immediately while utilizing the Rowan Viking, a KFELS-N class jack up drilling rig which is in the process of pre-drilling a number of wells on the field for Lundin.

The contract applies to all cased hole services, including tractor and electric wireline logging, and will be carried out in collaboration with Welltec. The contract also includes two one year extension options.

“The scope of the work will later be expanded to include the Edvard Grieg platform once this is in place in the second half of 2015,” says CEO in DeepWell, Martha Kold Bakkevig.

The Edvard Grieg field consists of a platform resting on the seabed (steel jacket), with a full process facility provided by Kvaerner, dry wellheads with external jack-up drilling and living quarters. Planned production start-up is in the fourth quarter of 2015.

The Edvard Grieg field is planned to encompass 11 production wells and 3 water injection wells. The field contains the equivalent of 185 million barrels of oil in proven and probable reserves, which will be produced during a 20 year period.

Edvard Grieg is being developed as a field center for future connections, including the Ivar Aasen field. The operator is Lundin Norway (50%) and the other license holders are Wintershall Norge (15%), OMV Norge (20%) and Statoil Petroleum (15%).