DeepOcean AS has been awarded the single largest contract in the history of the company since it was founded in 1999. The contract is for a firm period of 5 years starting in the first quarter of 2014 with options for another 3 years and covers subsea Inspection, Maintenance and Repair (IMR) services on all Statoil operated fields on the Norwegian Shelf, from southern part of the North Sea to the Barents Sea in the north. The contract includes delivery of a purpose built vessel for subsea IMR services as well as onshore project management and engineering services. The contract value is more than 1.5 billion Norwegian kroner and potential total value including options is close to 2.5 billion Norwegian kroner.

“This is a great day for DeepOcean. Ever since we were awarded the first IMR contract back in 2006, DeepOcean has been focusing on providing first class IMR services to Statoil and other key customers. Our customers place strict requirements on personnel, vessels and equipment, and in a market with strong competition from several contractors, we are pleased to learn that Statoil yet again has chosen Deep Ocean. Our goal is that our brand should be synonymous with well-planned and well-performed operations, executed with high focus on safety, efficiency and innovative engineering.

Tags: DeepOcean AS