DeepOcean awarded a landmark 8-year contract by Equinor

Equinor and DeepOcean have signed a contract for IMR services covering the period 2027-2035 for Equinor-operated assets on the Norwegian continental shelf and in Europe. The contract will be served by an extensive team of specialist subsea engineers, a large subsea tool pool, remote operations technology, and a newbuild vessel chartered to DeepOcean.

“This is a major milestone in DeepOcean’s history. We are extremely proud to be awarded this unique long-term commitment. The contract enables us to invest time and resources into our next generation subsea services offering to Equinor. This is a testament to decades of hard work laid down by our on- and offshore employees to perform high quality IMR services,” says Øyvind Mikaelsen, CEO of DeepOcean.

DeepOcean’s relationship with Equinor routes back to the inception of DeepOcean in 1999 and the start of its IMR activities in 2006. With the recent award, this relationship will continue into its fourth decade and lay the foundation for shaping the future with the same passion and commitment.

“We are the market leader for IMR services in the North Sea. In our mind, that comes with a responsibility to drive the market forward in terms of efficiency, technology and safety. This contract is a key enabler in that effort. We are eager to work with Equinor to leverage our engineering expertise and advanced tool pool, remote operations capabilities, along with our latest technologies, to deliver best-in-class services to Equinor,” adds Mikaelsen.

As part of this contract, DeepOcean will charter a vessel from Rem Offshore for the duration of the contract period. The state-of-the-art newbuild vessel will establish a new standard for digitalized and environmentally sustainable IMR operations. The vessel, Rem Ocean will have dual-fuel engines capable of running on bio-methanol and biodiesel, along with a battery energy storage system and regenerative energy systems.

“Equinor has consistently been at the forefront of offshore energy operations. This contract is paving the way for further advancements in efficiency, sustainability, and innovation. The vessel, which will serve as a platform for the contract, is projected to achieve a 90 percent reduction in emissions when operating on bio-methanol and a 30 percent reduction when using conventional fuels compared to existing IMR vessels. Additionally, it will be optimized for remote operations, facilitating for reduced need for marine and project crews offshore,” says Olaf A. Hansen, Managing Director, DeepOcean Europe.

Rem Ocean will be equipped with an Autonomous Inspection Drone (AID), accelerating the digitalisation of subsea asset inspection. The tailor-made vessel design has been developed as a collaboration between DeepOcean, Rem Offshore, Skipsteknisk and other key suppliers. DeepOcean and Rem Offshore have a long history of collaborative subsea vessel design which includes another subsea vessel delivered in 2014, still serving in DeepOcean’s fleet.

The vessel will be equipped with a 250 tonnes electrical crane, two electric WROVs in hangars, 1,000 square metres outside deck area, and an inside hangar area of 350 square meters, in addition to accommodation for 120 people.

(ENDS)

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For further media information, please contact:

Kjetil Sørum

M | +47 996 02 964

E  |communications@deepoceangroup.com  

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About DeepOcean

DeepOcean is a world-leading ocean services provider, enabling energy transition and sustainable use of ocean resources, offering survey, engineering, project management, installation, maintenance, and recycling services for oil and gas, offshore renewables, deep sea minerals, and other ocean services.  

Across the global offices, DeepOcean is a trusted independent solutions provider with highly skilled industry experts, using world-class fit-for-purpose tools and technology to drive cost-efficient and safe operations. The company delivers innovative engineering solutions focusing on remote and unmanned operations and digitally-enabled services while continuously striving to lower the carbon footprint.

DeepOcean is owned by Triton, a leading European mid-market sector-specialist investor. As an active owner, Triton supports its portfolio companies to reach their full potential and works closely with DeepOcean to drive value creation. Founded in 1997, Triton invests in businesses that provide important goods and services in the Business Services, Industrial Tech, Healthcare, and Consumer sectors.

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