Statoil award contract in excess of 1bn NOK

Statoil is awarding Subsea 7 Norway AS a five-year contract for IMR services to be carried out by the Seven Viking vessel for subsea operations on the Norwegian continental shelf (NCS).

Subsea 7 will provide inspection, maintenance and repair (IMR) services for Statoil’s 560 subsea wells on the NCS. The service includes onshore project planning and offshore operational execution. The vessel will be reconstructed from conventional to hybrid operation, which includes installation of battery and preparations for land-based power supply. The reconstruction is scheduled to be completed when the contract takes effect on 2 January 2019.

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