Subsea 7 has secured a sizeable three-year extension of an existing DSVi (Diving Support Vessel initiative) frame agreement, with seven North Sea clients.
The North Sea clients include Chevron North Sea, Dana Petroleum (E&P), Hess Denmark APS, Nexen Petroleum U.K, Repsol Sinopec Energy UK, Shell UK and TAQA Bratani.
According to Subsea 7, a sizeable contract is being defined as between USD 50 million and USD 150 million.
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 Subsea 7 scope of work includes diver and ROV inspection, repair and maintenance, subsea construction and decommissioning services, and dedicated long-term project support.
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 realized through the sharing of these services.
Project execution and engineering work is managed from Subsea 7’s Aberdeen office.