DEEPOCEAN AWARDED SURF CONTRACT FROM BP FOR THE FOINAVEN FIELD

DeepOcean today announced that it had received a call-off under its new Master Service Agreement (MSA) with BP Exploration Operating Company Ltd.

 

The call-off covers the installation of a new flexible water injection riser and the recovery of the existing water injection riser in the Foinaven field, West of Shetland, in a water depth of 460 metres. The work includes project management, engineering and logistics. The offshore work is scheduled to be executed in the third quarter of 2017 with the Edda Freya OCV. The onshore project team will work out of DeepOcean’s offices in Aberdeen and Haugesund, Norway.

DeepOcean’s Commercial Director for Subsea Services, Rolf Ivar Sørdal, said: “I am pleased that we have signed a new MSA with BP which validates the relationship we have developed since 2010. The scope of work in the MSA covers a wide range of subsea activities. In a challenging market it is difficult to predict the work volume that can be generated under the MSA, but in any event I’m sure this MSA will provide work opportunities for the local workforce in the Aberdeen area. The call-off of the Foinaven SURF work is the first scope we have been awarded under the new MSA and we are appreciative of BP’s confidence in the DeepOcean team to prepare and execute this critical offshore work. DeepOcean values local contents and hence more than one third of the personnel involved in this project will be British”.