Technip says the frame agreement with Repsol Sinopec means it will provide diving support and IRM services for 2016 but possible extensions could include 2017 and 2018.
No contract value has been revealed. Various subsea contractors have been announcing new deals but withholding some of the specific numbers during the offshore downturn.
Analyst estimates
Some oil-sector analysts estimate the value of this work to be in the range of EUR 50m ($55m).
