DeepOcean secures contract for light construction and survey services for Statoil

Haugesund, Norway – December 28th, 2012 DeepOcean AS (“DeepOcean”), a subsidiary of DeepOcean Group, has been awarded a call-off under the current long-term frame agreement for offshore Light construction and survey services for Statoil. Estimated contract value is more than NOK 100 Million.

The frame agreement includes services covering light construction services, seabed mapping with hull mounted Multi Beam Echo sounder (MBE) and ROV based construction support, seabed mapping and pipeline inspection services.

As part of this contract, Statoil has awarded DeepOcean a call-off for 6 month operations in 2014. The call-off further includes options to extend the firm period with up to 6 additional months. The project will be executed from the survey and light construction support vessel Volstad Surveyor. The project will be managed by an onshore project team in DeepOcean’s Haugesund office.

“This contract is of great importance to our company and we are pleased to learn that Statoil will continue working with us also in 2014. At the moment we are in the end of the similar campaign for 2012, we have already been awarded the 2013 contract, and now we are awarded a similar scope for 2014. This award shows the confidence Statoil has in our offshore and onshore teams and the quality of work we deliver. We rely on our employees and equipment to perform well in all our projects, and this contract show that our survey team are excellent ambassadors for the DeepOcean working spirit. ” says Mads Bardsen, the President of DeepOcean AS.