IKM Subsea Bags Statoil Contract

IKM Subsea has received a contract from Statoil to provide ROV and subsea services for Visund and Snorre B.

The contract has duration of 10 years firm and an option for extension of further 15 years.

The contract, for the first 10 years, has a value for of up to NOK 750 million (USD 90.4 million), the company informed.

For first time, Statoil and IKM will introduce the so-called concept of Residential ROV (RROV). RROV represents a permanently subsea-installed ROV system operated from a dedicated operational base positioned onshore.

The contract will combine use of existing Merlin ROV technology in combination with RROV technology to be developed throughout this contract, IKM noted.

Hans Fjellanger, business development manager at IKM Subsea, said: “We are very pleased to receive this acknowledgment from Statoil in a tough market. This shows that hard work, dedication and commitment pays off in the end. We are happy to, jointly with Statoil, be able to present new and revolutionary ROV concepts and technology to the industry, producing potential for significant cost savings.”

IKM Subsea managing director, Ben Pollard added: “This major achievement is an important milestone for IKM Subsea. We expect this contract and the subsequent new technology thereof to produce a game-changer to the ROV market segment. IKM Subsea is the company chosen for this development. Our dedication and drive to present alternative technology leading to operational cost reductions secures our market position and future revenues as well as safe jobs for our employees.”

Share this article

Follow Subsea World News

Events>

<< May 2017 >>
MTWTFSS
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 30 31 1 2 3 4

OGA 2017

OGA 2017 is the most beneficial way to meet, discuss and acquire the latest in the Oil & Gas industry! It is also;…

read more >

IMCA ROV SEMINAR

This seminar is designed to assist IMCA members in dealing with these, with a programme of technical and operational topics affecting…

read more >

Offshore Wind Energy 2017

In 2017, EWEA and RenewableUK will join forces to bring you the greatest conference and exhibition Europe has ever known in the history…

read more >

UTC 2017

The subsea industry has, as all other parts of the oil & gas industry, been seriously rattled by the most severe downturn in the hydrocarbon energy era. However, the realization of what hit us and actions to be taken to sustain a healthy and profitable future is still on-going – unfortunately with thousands of colleagues paying the price by losing their job as one of the most severe consequences. At this time, there are signs that we have reached bottom in terms of most industry indicators, but few experts expect a sharp recovery. Many seem to believe that a slow recovery is what the industry needs in order to avoid an unsustainable capacity build-up, as seen in the period after the financial crisis. Considering the uncertainty of what the future will bring, this year’s UTC Program Committee have decided to challenge all of us to present ideas, experiences, technological innovations, business models and execution models for how to shape our subsea future and explain how and why subsea is the future.
UTC welcomes abstracts based on the topics listed below. If selected, please consider writing a paper in addition to the UTC presentation. From 2017, UTC papers will be published in an international database.

More info

read more >