DeepOcean signs frame agreement with a large UK operator

The frame agreement is valid for a firm five-year period, plus five optional periods of one-year each, maximum ten years in total. The agreement covers subsea IMR work on the UK continental shelf for which DeepOcean will also provide associated project management and engineering support.

“Subsea IMR represents the core of DeepOcean’s competence, technology and tool pool, which is tailored to help operators conduct subsea operations as safely and cost-efficiently as possible. We look forward to developing a strong relationship with the client, that has a broad UKCS portfolio, over the coming years,” says Øyvind Mikaelsen, CEO of DeepOcean.

Two call-offs have already been successfully executed offshore since the award, demonstrating DeepOcean’s ability and agility to deliver fast-track scopes of work.

“We are delighted to have been selected as a long-term partner for the provision of Diverless IMR services in the UKCS. This contract was a key target for DeepOcean and we believe the award acknowledges our team's expertise, our diverless technology and tooling, and the innovative solutions we can offer into the IMR market,” says Robin Mawhinney, Managing Director, DeepOcean UK.

DeepOcean will manage deliveries under the frame agreement from its office in Aberdeen, UK.

(ENDS)

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For further 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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