Subsea 7 said it was awarded a three-year extension of an existing agreement, with seven North Sea clients, for diving support vessel services and other services.
These include: Chevron North Sea Limited, Dana Petroleum (E&P) Limited, Hess Denmark APS, Nexen Petroleum U.K. Limited, Repsol Sinopec Energy UK Limited, Shell UK Limited and TAQA Bratani Limited.
The contract is valued between US$50-150 million, Subsea 7 said in a statement.
Under this frame agreement, Subsea 7 will continue to provide diving support vessel services on a year-round basis, as well as associated project management and engineering services for up to 50 offshore facilities in the North Sea.
The scope of work includes diver and ROV inspection, repair and maintenance, subsea construction and decommissioning services, and dedicated long-term project support. Project execution and engineering work is managed from Subsea 7’s Aberdeen office.
This award follows on from the original frame agreement awarded in 2009, which was most recently extended in 2016. This year Shell UK Limited became the seventh client to join this collaborative approach, in which all seven operators benefit from enhanced efficiency realised through the sharing of these services.