Statoil Awards SURF Contract to Ocean Installer

Ocean Installer has been awarded a SURF (subsea structures, umbilicals, risers and flowlines) contract for subsea lines modification work at several Statoil operated fields on the Norwegian Continental Shelf. The total contract value (firm) is approximately $55 million with an additional potential (options) of approximately $95 million.

This marks Ocean Installer’s second contract with Statoil within the last six months, Steinar Riise, CEO of Ocean Installer, said.

The work scope comprises marine operations for replacement/installation of flexible risers, flowlines, jumpers, structures, and umbilicals, including all associated tie-in activities. Work locations are offshore installations at Statoil operated fields on the Norwegian Continental Shelf.

Project management and engineering will be based at Ocean Installer’s headquarter in Stavanger and commence with immediate effect, contributing to the further development of the Ocean Installer Stavanger organization. Offshore operations will take place during the summer season of 2014, 2015, 2016 and potentially 2017. The new state of the art large construction support vessel (CSV), Normand Vision, will be utilized as the main installation vessel, with the possibility of a light construction support vessel also being employed.

Normand Vision will be delivered to the market in June 2014, Riise said.

oceaninstaller.com

statoil.com