Ocean companies supplier DeepOcean has finalized a body settlement with Equinor ASA for marine companies overlaying subsea intervention and restore contingency for subsea pipelines, buildings and high-voltage cables for each offshore renewables and oil and fuel fields.
The four-year settlement has choices for an extension of as much as 4 extra years, DeepOcean mentioned in a latest information launch. The monetary particulars weren’t disclosed.
DeepOcean added that the settlement is legitimate for work on the Norwegian continental shelf and internationally for deliberate Equinor work and for contingency work for Norway-based Pipeline Restore and Subsea Intervention (PRSI) pool members. The PRSI pool consists of 23 vitality firms that cowl their offshore pipeline and energy cable restore contingency by way of the pool.
For work on offshore renewable vitality fields, the settlement covers deliberate or unplanned marine companies associated to subsea excessive voltage cables. For the offshore oil and fuel trade, it covers deliberate or unplanned marine companies utilizing remote-operated intervention strategies. Below the settlement, DeepOcean may be requested to undertake numerous engineering or preparedness research as requested by Equinor or PRSI pool members, in accordance with the discharge.
DeepOcean plans to handle the contract supply out of its workplace in Haugesund, Norway, supported by the corporate’s worldwide operations wherever required.
“Such a long-term settlement permits us to always evolve working strategies, collaboration fashions and applied sciences, with the target of constructing offshore operations and subsea cable restore work as cost-effective as potential,” Olaf Hansen, managing director of DeepOcean’s European operation, mentioned. “We stay up for supporting Equinor and the PRSI Pool members over the approaching years”.
“DeepOcean has a 400-people-strong engineering crew which are specialists on fixing subsea challenges throughout industries,” Normann Vikse, offshore renewables director at DeepOcean, mentioned. “We’re trade agnostic and share learnings and experiences from subsea operations throughout several types of operations and industries with a purpose to develop the absolute best options for our shoppers. Our expertise from oil and fuel is very precious for offshore renewables – and vice versa”.
DeepOcean mentioned it has already obtained the primary call-offs for work beneath the brand new body settlement. On behalf of Gassco and Equinor, DeepOcean will carry out seabed preparations and sophisticated distant sizzling faucet tie-in operations at three totally different places on the Norwegian continental shelf. Sizzling tapping is a technique of connecting to a pressurized system, akin to a pipeline, with out eradicating the pipe from service.
In February, DeepOcean additionally secured a contract from Equinor to ship pipeline inspection and survey scopes for the operator’s pipelines within the North Sea. DeepOcean’s scope of labor consists of pipeline inspections, seabed mapping, ad-hoc pipeline survey, and light-weight building work.
The settlement is legitimate for 2024 and is an extra award beneath DeepOcean’s body settlement with Equinor for the availability of offshore survey companies, the corporate mentioned in an earlier assertion.
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