DeepOcean Takes Over Equinor’s Pipeline Repairs Contract from TechnipFMC

Friday, December 20, 2024
(Credit: DeepOcean)

Ocean services provider DeepOcean has taken full ownership of the pipeline repair and subsea intervention (PRSI Pool Services) contract with Equinor, formerly operated in a joint venture (JV) between DeepOcean and TechnipFMC.

The transaction fortifies DeepOcean’s pipeline repair expertise with 26 JV employees being transferred to DeepOcean.

Since 2007 DeepOcean and Technip Norway have cooperated on the pipeline repair subsea operations contract with Equinor and the pool members - first with TechnipFMC as contractor and DeepOcean as sub-contractor. In 2014, DeepOcean and TechnipFMC engaged in a framework agreement with Equinor for maintenance, operations, and emergency preparedness through a JV that proved to be very effective.

As part of a recent joint agreement with TechnipFMC, DeepOcean will take over the contract with Equinor for the remainder of the contract period.

“DeepOcean is very excited to expand our competence and capacity in this highly complex and specialized area. The technology involved is world leading and we are extremely proud of the accomplishments achieved. We look forward to supporting Equinor and the PRSI Pool members going forward”, said Olaf A. Hansen, Managing Director of DeepOcean Europe.

Equinor has operational responsibility for the world's most extensive subsea pipeline system for transportation of gas as the technical operator of the PRSI pool.

The PRSI pool consists of over twenty energy companies that cover their offshore pipeline and power cable repair contingency via the pool.

Categories: Pipelines Industry News Activity Europe Oil and Gas

Related Stories

Transocean Scoops $100M for Two-Well Drilling Job for Equinor

Transocean Scoops $100M for Two-Well Drilling Job for Equinor

Wärtsilä to Supply Regasification Module for Egypt-Bound FSRU

Wärtsilä to Supply Regasification Module for Egypt-Bound FSRU

TPAO, SOCAR and BP to Ink Caspian Sea Oil and Gas Production Deal

TPAO, SOCAR and BP to Ink Caspian Sea Oil and Gas Production Deal

Current News

Maintenance Contract Signed for GreatWhite Rig

UK Firm Seeks Suppliers to Build Full-Scale Tidal Energy Prototype

Brava Energia Inks $65M Deal with PetroReconcavo for Natural Gas Assets

Record Offshore Wind Auction Required for UK to Meet Targets

Subscribe for OE Digital E‑News

Offshore Engineer Magazine