DeepOcean has secured a frame agreement from Equinor for subsea intervention and repair contingency services.
Under the agreement, DeepOcean will be responsible for work on subsea pipelines, structures and high-voltage cables for offshore renewables and oil and gas fields.
Go deeper with GlobalData
The four-year agreement will be applicable for Equinor’s operations on the Norwegian Continental Shelf and for planned international projects, as well as for contingency work for Pipeline Repair and Subsea Intervention (PRSI) Pool members.
The PRSI Pool comprises 23 energy companies that manage their offshore pipeline and power cable repair contingencies collectively.
The agreement has options for extensions up to four additional years.
See Also:
DeepOcean plans to manage the contract work from its Haugesund office in Norway.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataDeepOcean European operation managing director Olaf A Hansen said: “Such a long-term agreement allows us to constantly evolve working methods, collaboration models and technologies, with the objective of making offshore operations and subsea cable repair work as cost-effective as possible.
“We look forward to supporting Equinor and the PRSI Pool members over the coming years.”
The agreement includes both planned and unplanned marine services related to subsea high-voltage cables for offshore renewable energy fields.
It also employs planned or unplanned marine services using remote-operated intervention methods with or without the PRS equipment for work in the offshore oil and gas industry.
DeepOcean may also conduct engineering or preparedness studies as required by Equinor or other PRSI Pool members.
DeepOcean offshore renewables director Normann Vikse said: “DeepOcean has a 400 people-strong engineering team that are specialists on solving subsea challenges across industries.
“We are industry agnostic and share learnings and experiences from subsea operations across different types of operations and industries in order to develop the best possible solutions for our clients. Our experience from oil and gas is highly valuable for offshore renewables – and vice versa.”
Earlier this year, Equinor selected DeepOcean for inspection and surveying of its North Sea pipelines.
