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Statoil Selects Halliburton Subsea

Statoil has selected Halliburton Subsea, a unit of Halliburton Co., for a $2 million contract to remove the subsea facilities on Yme field off Norway. Yme's development included a jack-up rig and processing platform, four subsea production wells, one template at Yme Beta East, and a storage/loading STL system. The Halliburton Subsea work scope includes removal of the subsea facilities; dedicated offshore construction vessel Toisa Perseus will be performing the offshore work. Yme field will stop production this spring with contract work scheduled for late this summer.