France-based Technip has been awarded a two-year extension for its frame contract to provide subsea services for a Statoil facility in Stavanger, Norway.

The frame contract has been held by Technip since January 2007 and is now extended to the latest possible completion date of December 2014. The yearly revenue under the contract will be in the range of €50m to €80m.

The scope of work includes the management and execution of subsea marine operations for inspection, maintenance and repair and diving. It also includes planned maintenance, modifications and installation work, as well as contingency for pipeline and subsea equipment repairs. The operations are diver-assisted or remotely operated.

This contract is an exclusive agreement for all diving and diver-assisted operations offshore for Statoil.

The news follows Technip’s recent announcement that it had won a lump sum contract by Anadarko Petroleum Corporation for the engineering, construction and transport of a 23,000t truss Spar hull for the Lucius(1) project in the US Gulf of Mexico. First oil from the project is scheduled for 2014.

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By GlobalData

Caption: Technip’s frame contract for a Statoil facility offshore Norway has been extended by two years.