DeepOcean lands long-term deal with Equinor

Norwegian offshore contractor DeepOcean has sealed a frame agreement with Equinor for marine services on both offshore renewables and oil and gas fields.

The agreement is valid for four years, with options to extend it for up to four more years, and covers subsea intervention and repair contingency for subsea pipelines, structures, and high voltage cables 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.

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“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,” said Olaf Hansen, managing director of DeepOcean’s European operation.

The company has already received the first call-offs for work under the new frame agreement to carry out subsea intervention and repair contingency for subsea pipelines, structures and high-voltage cables on behalf of Gassco and Equinor.

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