Reef Subsea awarded four-year frame agreement contract by Technip for subsea construction operations
2011.03.06 -
Contracts
Reef Subsea AS announced today that one of its Norwegian operating companies has been awarded a frame agreement contract by Technip with firm and optional periods representing up to 4 years - running from 2011 - to carry out light subsea construction, ROV and survey operations in the North Sea and the North Atlantic areas.
This frame agreement will allow Technocean AS, a subsidiary of Reef Subsea AS, to act as a partner to Technip Norway and other Technip Group companies for subsea services in the NCS (both Norway and UK) and Canada according to pre-agreed terms.
Technocean will perform its commitments calling on its new chartered vessel, the Polar King. This new-built subsea construction vessel, certified to IMO SPS 2008 requirements, will be operational in April 2011. Polar King is being equipped with a 150 AHC crane, and her 1000m² back deck and main moonpool provide her with extremely versatile capabilities. The vessel will also be equipped with two 3000m rated work class Perry Slingsby ROVs installed in a ROV hangar with dedicated AHC LARS systems.
Mark Preece, Reef Subsea Chief Executive Officer, said “I am extremely pleased by the confidence placed by Technip in Technocean’s capabilities to act as an important partner for the next four years. Reef Subsea’s objective is to serve both operators and contractors on a long term basis as we recently announced for BP Norway”.
Cameron (NYSE: CAM) has signed a three-year worldwide preferred supplier agreement with Schlumberger Integrated Project Management (IPM) for the supply of a wide range of flow equipment products and services. As part of the agreement, Cameron will provide Schlumberger IPM with all surface, subsea, drilling, measurement, compression and downstream equipment on a worldwide basis.
ClampOn has been awarded a contract for delivery of five subsea ClampOn DSP Leak Monitors to the Tampen Link project in the Norwegian sector in the North Sea (Sept 07). ClampOn will supply its ultrasonic non-intrusive acoustic Leak Monitors to Technip Norge AS on behalf of Statoil. The Leak Monitors will be retrofitted on two 20” gas valves on the seabed to verify/disprove through-valve gas leakage. These valves are currently open and they will be shut to close off the bypass alternative.
Helix Energy Solutions (NYSE: HLX) announced today that it has received a Letter of Intent ("LOI") for the installation of the subsea infrastructure for the VIC/P44 Stage 2 Development project in the Otway Basin offshore Australia. Participants in the VIC/P44 permit are Santos Limited (Operator) 50%, Peedamullah Petroleum Pty Ltd (Australian Worldwide Exploration) 25% and Mitsui E&P Australia Pty Ltd. 25%.
Velosi Limited Velosi or the Group, a provider of asset integrity and HSE services to a number of major national and multinational oil and gas companies, is pleased to announce that it has been re-awarded a contract from Mobil Producing Nigeria, for the next three years with an option to extend for a further one year.
Fugro has been awarded a contract to perform a detailed marine survey in the Mediterranean Sea to select the best route for the GALSI gas pipeline from Algeria to Southern Sardinia and then from Northern Sardinia to the mainland of Italy. The contract value is approximately EUR 18 million.
