Reach Subsea lands five-year deal with Statoil

Norwegian subsea services provider Reach Subsea has been awarded a frame agreement for the provision of inspection, maintenance and repair (IMR) services to Statoil.

The frame agreement has a duration of five years and starts in 2019, Reach Subsea said on Friday.

Commercial terms under the agreement are confidential between the parties. However, the frame agreement is call-off based, which means that Statoil can award contracts for IMR services in the North Sea on an as needed basis, the company explained.

Reach Subsea CEO, Jostein Alendal, said: “We are proud to be awarded the IMR Frame Agreement with Statoil, which is of significant strategic importance and improves visibility for our service offerings for the next five years.”

Statoil also recently awarded a five-year contract to Subsea 7 for the provision of subsea inspection, repair and maintenance services on the Norwegian Continental Shelf. The contract involves the provision of a life of field support vessel Seven Viking for five years.

The services includes onshore project planning and offshore operational execution.

Share this article

Follow Offshore Energy Today

Events>

<< May 2019 >>
MTWTFSS
29 30 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31 1 2

Africa Oil Week 2020

For over 25 years Africa Oil Week has been the meeting place for Africa’s most senior E&P stakeholders.

read more >

CERAWeek 2020

 Each year, CERA clients gathered for a few days in Houston…

read more >

Offshore Technology Conference (OTC) 2020

The Offshore Technology Conference (OTC) showcases leading-edge technology for offshore drilling, exploration…

read more >

2020 EXPLORATION AND PRODUCTION STANDARDS CONFERENCE ON OILFIELD EQUIPMENT AND MATERIALS

The development of consensus standards is one of API’s oldest and most successful programs.

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply