Subsea 7 has signed an agreement with UK-based Premier Oil to provide concept engineering, front end engineering design (FEED), subsea umbilicals risers flowlines (SURF) project execution, as well as life of field operations.

Under the agreement terms, Subsea 7 will also get access to participate in relevant premier decommissioning scopes.

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The agreement, which is applicable to these activities in the UK, the Falkland Islands and Norway, has a term of five years and can also be extended.

"The partnership with Premier Oil will enable delivery of safe, cost-effective and on-time projects."

Premier will get better opportunities to realise the full value from associated subsea scopes of work through this agreement.

Subsea 7 said it will understand the operational challenges that they would come across and offer suitable technical solutions, in a bid to produce safe outcomes.

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The company, which has recently participated in the bidding processes conducted by Premier Oil in these geographies, is supporting the execution of the Catcher development, located in the North Sea.

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Subsea 7 Northern Hemisphere and life of field executive vice-president Steve Wisely said: "The partnership with Premier Oil will enable delivery of safe, cost-effective and on-time projects, through a working relationship based on early engagement, collaboration and strong alignment of objectives.

"We believe the partnership approach facilitates cost reduction through fit for purpose solutions, and we look forward to delivering strong value to the Premier portfolio."

Subsea 7 signed a similar agreement with Centrica in October this year to provide support to the latter throughout the early phase concept engineering, FEED, SURF project execution ,and life of field operations.

The agreement is applicable to the Centrica portfolio on the Norwegian Continental Shelf, and is for a period of more than five years.