Norway-based DeepOcean has been selected to provide services including engineering, procurement, removal and disposal (EPRD) of Varg Subsea facilities by Repsol Norge.
Under the contract, DeepOcean will carry out work regarding subsea pre-decom survey, recovery of floating production, storage and offloading (FPSO) mooring lines, anchor piles, risers, midwater-arch buoy and subsea structures.
In addition, the company’s work will include onshore disposal and recycling of the recovered items.
DeepOcean subsea services in the Greater North Sea commercial director Rolf Ivar Sørdal said: "In the current market, with tough competition for every job I am pleased that DeepOcean has been selected by Repsol for this project.
"DeepOcean already has an in-depth knowledge of Repsol’s assets in the North Sea, through our long term relationship on maintaining the integrity of their assets.
"Coupled with our significant experience for similar operations, it is great to learn that our project team has been able to take advantage of this and develop a cost efficient solution for Repsol."
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The company said that its new construction vessel Edda Freya is joining its fleet in the second quarter of 2016.
The vessel has been designed for multiple types of subsea operations.
Recently, DeepOcean Ghana secured a three-year contract to provide a light construction vessel to Tullow Ghana.
Under the contract, the work included inspection, maintenance and repair (IMR), surveys and subsea construction on the Tullow Ghana operated deepwater Jubilee and TEN Fields offshore Ghana.
Image: DeepOcean’s new construction vessel Edda Freya. Photo: courtesy of DeepOcean AS.