Subsea 7 awarded frame agreement offshore UK

Subsea 7 S.A. has announced the award of a sizeable three-year frame agreement, with four one-year options, for six North Sea clients: Chevron North Sea Ltd, Dana Petroleum Ltd, Hess Denmark APS, Nexen Petroleum U.K. Ltd, Talisman Sinopec Energy UK Ltd and TAQA Bratani Ltd.

Pursuant to the frame agreement, Subsea 7 will continue to provide Diving Support Vessel (DSV) services on an annual basis, as well as associated project management and engineering services to over 40 facilities in the North Sea. One of the key advantages of this collaborative approach is that it allows all operators to benefit from lower costs realised through the sharing of resources.

The scope of work includes diver and ROV inspection, repair and maintenance, subsea construction and decommissioning services, and dedicated long-term project support. Project management and engineering work will be managed from Subsea 7's Aberdeen office.

Phil Simons, Vice President UK and Canada, remarked: "We are pleased to announce the signing of this important long-term agreement. The continuing relationships we have with each of our DSVi clients is testimony of the shared objectives maintained since the original award, and its success in generating increased value opportunities. It represents our focused commitment to providing the right and cost-effective engineering solutions."

Edited from press release by Angharad Lock

Read the article online at: https://www.oilfieldtechnology.com/offshore-and-subsea/03022016/subsea-7-awarded-frame-agreement-offshore-uk-2361/