Rem Offshore secures billion-NOK IMR deal with DeepOcean and Equinor

Photo credit: Rem Offshore

Rem Offshore, in collaboration with subsea company DeepOcean, has secured a record-breaking eight-year inspection, maintenance, and repair (IMR) contract with Equinor, its largest agreement to date. Furthermore, DeepOcean will charter a vessel from Rem Offshore for the duration of the contract period.

“The charter agreement with DeepOcean is the largest in Rem’s history, increasing our order backlog to nearly NOK 6 billion,” says Lars Conradi Andersen, CEO of Rem Offshore.

This eight-year charter agreement, which includes additional extension options, involves the construction of an ST 245 IMR vessel at Myklebust Shipyard.

“Rem and DeepOcean share a long history, and we are thrilled to collaborate again in delivering IMR services to Equinor,” said Conradi Andersen.

DeepOcean will deploy the vessel for subsea operations such as inspection, maintenance, and repair on Equinor installations.

Ottar Kringen Mæland, chief operating officer of DeepOcean, described the ship as “the next generation subsea vessel”.

“We are excited to build on our longstanding partnership with Rem Offshore and Norway’s exceptional supply chain. This collaboration is pivotal for implementing the latest subsea technology, making it an efficient future-oriented solution. We eagerly anticipate its launch in 2027,” Mæland added.

The 117 meters long vessel, to be named Rem Ocean, will be the 83rd ship built by Myklebust Shipyard, which also has an option to build a second, similar vessel for Rem Offshore.

Leiv Sindre Muren, CEO of Myklebust Shipyard, emphasized the significance of the contract as the largest in the shipyard’s history. The project will generate substantial activity for subcontractors, including Skipsteknisk AS and several other Norwegian suppliers.

“The construction of Rem Ocean is a vital contribution to local value creation and job growth,” said Muren. “For Myklebust Shipyard, it extends our order backlog, creates new opportunities, and presents exciting technological challenges.”

Additionally, Rem Offshore already has another large subsea vessel under construction at the same shipyard with delivery in 2026.