Deepocean contract with Equinor

Energy company Equinor has awarded the ocean services provider DeepOcean a frame agreement for marine services covering subsea intervention and repair contingency for subsea pipelines, structures and high voltage cables for both offshore renewables and oil and gas fields.

The agreement between the two Norwegian companies is valid for four years with options to extend it for up to four more years.

Geographically the agreement is valid for work on the Norwegian continental shelf and internationally for planned Equinor work and for contingency work for the PRSI pool members.

The PRSI pool consists of 23 energy companies that cover their offshore pipeline and power cable repair contingency via the pool.

DeepOcean will manage the contract delivery out of its office in Haugesund, Norway, supported by the company’s international operations wherever required. 

Olaf A. Hansen, managing director of DeepOcean’s European operation, said: “Such a long-term agreement allows us to constantly evolve working methods, collaboration models and technologies, with the objective of making offshore operations and subsea cable repair work as cost-effective as possible. We look forward to supporting Equinor and the PRSI Pool members over the coming years.”

Normann Vikse, offshore renewables director at DeepOcean, added that “DeepOcean has a 400 people-strong engineering team that are specialists on solving subsea challenges across industries. We are industry agnostic and share learnings and experiences from subsea operations across different types of operations and industries in order to develop the best possible solutions for our clients. Our experience from oil and gas is highly valuable for offshore renewables – and vice versa.”

Source: DeepOcean