StatoilHydro said that the consumption for 2007 was about 20% higher than in 2006. This reflects both a general price increase and the company’s high activity on the Norwegian Continental Shelf and internationally, the company said.
With the Snohvit and Ormen Lange fields coming on stream the deliveries to development projects will reportedly drop. A high procurement level, however, is still expected for the near future due to increased well and drilling operations. Aker Kvaerner Stord was reportedly the largest supplier in 2007.
Anders Opedal, Aker Kvaerner’s senior vice president for procurements, said: As expected, the greatest activity was on the Norwegian Continental Shelf, which accounted for 61% of the costs. We will continue to make heavy investments here related to the streamlining of operations and modifications in the years ahead.
