Subsea engineering company Oceaneering has informed that a unit of BP has agreed to a two-year extension through January 2019 under the field support vessel services contract that was entered into with the company for work offshore Angola on Blocks 18 and 31.
Under this contract term extension, the Ocean Intervention III multi-service vessel will remain chartered through April 2017, with five option periods for further extension of one-month each.
Additional vessels and services, if any, would be provided during the remaining period of the contract, on as-needed basis, the company said.
M. Kevin McEvoy, Chief Executive Officer of Oceaneering, said, “In support of this contract, we are also providing a wide range of vessel-related subsea services, including remotely operated vehicles, tooling, asset integrity, and diving services. This extension strengthens our long-term commitment in Angola, which we see as a vital deepwater market for Oceaneering’s services and products.”
Previously, back in 2014, BP exercised both one-year options to extend the field support vessel services contract with Oceaneering. Under this deal, Oceaneering was to continue to provide project management, engineering, and vessel services to BP through January 2017.