French engineering giant Technip has won a renewal on an eight-year framework agreement for subsea services with Statoil, ExxonMobil and Gassco.
Under the renewal, Technip provides diving, subsea intervention and repair services to the energy trio for the next four years, with an option for another seven years.
The contract will provide work for Technip’s diving support vessels (DSVs) and construction support vessels (CSVs) for areas from the Barents Sea to the Mediterranean, the Baltic Sea and North Atlantic, and off Newfoundland, Canada.
Technip Norway employs about 15 of some of the world’s most advanced and expensive subsea vessels from owners such as DOF, Solstad Offshore, North Sea Shipping, Olympic Shipping, Siem Offshore and others. The total Technip fleet around the world numbers about 35 to 40 ships.
Large subsea contractors typically own the largest, most cost-intensive marine assets and then charter in a variety of support vessels from offshore owners.
Technip says the area of operation covered in the renewal may be extended globally depending on any future requirements for Statoil. Its operating centre in Stavanger will execute any the projects under the agreement, using saturation diving, air diving and equipment spreads from its pipeline repair system (PRS) pool.
Technip holds around 40% of the Norwegian market in the North Sea, using vessels to carry out work such as deepwater installation and construction, flexible and rigid pipe-laying, heavylift operations, as well as inspection maintenance and repair (IMR).
