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Rolls-Royce signs service agreement with Siem, Subsea 7

Rolls-Royce signs service agreement with Siem, Subsea 7

Jul 19, 2017
2 min read
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Norway's Siem Offshore and Subsea 7 have awarded UK's Rolls-Royce a joint three-year service and maintenance agreement on 74 offshore vessels.

The deal covers all of the equipment Rolls-Royce has delivered to the two companies’ offshore vessels. It is the first agreement the two Siem-owned companies have signed with the same service provider.

Steinar Sandberg, Siem Group, Head of Group Procurement, said: “Naturally, we believe we can save money by jointly entering into this kind of service agreement. We have a modern and technically advanced fleet that requires good follow-up throughout the vessels’ working lives.”

Knut Hovland, Rolls-Royce, Director, Marine Services, said: “We are particularly pleased to sign new service agreements in these current times. We have obviously been affected by the fact that many vessels in the offshore market are still laid up, and it will be interesting to see what impact this will have on the service market going forward,” said Knut Hovland.

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