Technip awarded renewal of subsea service contract

July 8, 2014

Technip announced it has been awarded a new framework agreement by Statoil, Exxon Mobil and Gassco for diving, subsea intervention and repair contingency services. Under the terms of this framework agreement, a replacement of an existing frame agreement held for eight years, Technip will provide these services for the next four years. The contract, will take effect on 1 December 2014, and includes an option for additional periods up to seven years.

The services Technip will provide comprise diving and remote operations using its dedicated diving support vessels (DSVs) and/or construction vessels. The area of operation includes continental areas from the Barents Sea to the Mediterranean Sea, the Baltic Sea and North Atlantic Ocean as well as Newfoundland, Canada. The area of operation may be extended globally based on Statoil's future requirements.

Technip’s operating center in Stavanger, Norway, will administer and execute the projects under this framework agreement, supporting Statoil on demanding projects requiring saturation diving, air diving and/or equipment spreads from the Pipeline Repair System (PRS) Pool.

Odd Strømsnes, managing director of Technip in Norway, commented: “This framework agreement will enable us to consolidate our excellent relationship with Statoil. We are proud to provide our services to all members of the PRS Pool for the maintenance of underwater pipelines, requiring advanced technology. With both DSV and construction vessels currently under construction, Technip maintains its commitment to developing a world-class fleet to support Statoil and other operators combining diving and ROV operations.”



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