Norway-based IKM Subsea has secured a NOK0.75bn ($90m) contract to provide remotely operated underwater vehicle (ROV) and subsea services for Statoil’s Visund and Snorre B platforms.

The ten-year contract can also be extended for a further period of 15 years.

As part of the contract, Statoil and IKM will introduce the residential ROV (RROV) concept, which represents a permanently subsea-installed system that will be operated from a dedicated operational base positioned onshore.

Defining future applications of ROV technology, the concept will produce operational advantages in addition to a platform for cost savings.

IKM Subsea business development manager Hans Fjellanger said: “We are very pleased to receive this acknowledgment from Statoil in a tough market.

“We are happy to, jointly with Statoil, be able to present new and revolutionary ROV concepts and technology to the industry, producing potential for significant cost savings.”

The latest contract will be a combination of Merlin ROV technology and RROV technology, which will be developed throughout the award.

"The latest contract will be a combination of Merlin ROV technology and RROV technology, which will be developed throughout the award."

IKM Subsea managing director Ben Pollard said: “This major achievement is an important milestone for IKM Subsea.

"We expect this contract and the subsequent new technology thereof to produce a game-changer to the ROV market segment.

“Our dedication and drive to present alternative technology leading to operational cost reductions secures our market position and future revenues as well as safe jobs for our employees.”


Image: IKM Subsea project engineer Roar Paulsen. Photo: courtesy of The IKM Group.