Statoil extends frame deal, awards contract to MMT, Reach JV

Swedish subsea inspection specialist MMT, with its partner Reach Subsea, has received good news in the form of a renewed and expanded frame agreement with the Norwegian oil giant Statoil.

MMT on Monday said the successful co-operation between Reach Subsea and MMT Sweden resulted in a new frame agreement covering both survey and light construction for the next three years.

The frame agreement is call-off based, which means that Statoil can award contracts for survey and light construction projects in the North Sea on an “as needed” basis.

As part of the frame agreement, MMT Sweden has in co-operation with Reach Subsea been awarded a contract with Statoil for survey and light construction work offshore Norway. The value of the contract is confidential. The work will be performed with the subsea vessel Havila Subsea from early February onwards and will include survey and light construction.

“The frame agreement and the associated awarded work is of great strategic importance for both MMT Sweden and Reach Subsea,” MMT said.

Jostein Alendal, CEO of Reach Subsea, said: “We are delighted and proud that Statoil has recognised the competitive service offering that MMT Sweden and Reach Subsea can provide in co-operation. Our common investment in developing the innovative Surveyor high speed ROV, as well as the track record we have built together utilizing the complementary skills of Reach Subsea and MMT Sweden, has played an instrumental role in positioning us for this frame agreement.

Share this article

Follow Offshore Energy Today

Events>

<< Sep 2019 >>
MTWTFSS
26 27 28 29 30 31 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 1 2 3 4 5 6

Offshore Energy Exhibition and Conference (OEEC)

The three-day event features an exhibition where over 600 companies will showcase their products and services…

read more >

Argentina Oil and Gas Expo 2019

The Argentine Oil and Gas Institute (IAPG) organizes the Argentina Oil & Gas Expo bringing together the most…

read more >

OEE Conference & Exhibition 2019

OEE2019 is organised by Ocean Energy Europe, the industry association representing ocean energy in Europe.

read more >

Africa Oil & Power 2019

The Africa Oil & Power conference will bring together an elite class of ministers and senior-level government…

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