Haugesund, Norway, June 6th, 2012 – DeepOcean AS (“DeepOcean”), a subsidiary of DeepOcean Group Holding AS, has been awarded a contract by AF Group in connection with the removal and recycling contract for the B-11 riser platform cessation project for Statoil, on behalf of Gassco as operator for Gassled. The contract is an option in the existing contract DeepOcean was awarded in 2011 by AF Group for similar work at the H-7 platform, which now has been declared.
The platform, which is part of a gas pipeline system that transports gas to Europe, is located on the German continental shelf of the North Sea. The work covers planning, engineering and execution of subsea removal work on the jacket substructure as well as preparatory inspections and seabed intervention work offshore. In this context DeepOcean will use its own vessels as well as ROV’s and various cutting equipment.
The estimated contract value is in excess of NOK 75 million. The work will start immediately and will be completed within end of 2016.
“This is the 3rd significant award of a decommissioning contract to DeepOcean the last 12 months following the award of the Statfjord SFC loading buoy EPRD contract by Statoil and the H-7 contract with AF Group. I’m pleased to learn that our customers appreciate the skills and capabilities of DeepOcean in the decommissioning segment. Also, I’m looking forward to yet again co-operate with the AF Group on a challenging project where the joint capabilities of the two companies are brought together”, says Mads Bårdsen, President in DeepOcean in a comment.
About Deep Ocean Group
DeepOcean Group is an integrated provider of comprehensive subsea engineering solutions and has a demonstrated track-record in highly-engineered, complex subsea construction projects for the oil & gas, offshore wind and telecommunication industries. The company has a capable fleet of subsea vessels, ROVs, and trenching assets. DeepOcean Group strives to be among the safest subsea operators in the industry and its relentless commitment to safety for its employees without sacrificing quality service for its customers, distinguishes the company from its peers. The company is a leading IMR contractor and trenching operator in Norway and the North Sea, with an unparalleled track record in engineering and project management, and has a global presence with offices in Norway, UK, Brazil, Mexico and Singapore.