IKM Subsea Nets ROV Contract from Eni Off Indonesia

IKM Subsea has been awarded a contract by Eni Indonesia to provide ROV services onboard the Drill Rig Scarabeo 7, operating in Indonesia for drilling various Exploration and Completion wells.

The contract value including options is in the region of 16 million USD (100 million NOK) and duration term is firm for 2.5 years.

Ben Pollard, Managing Director of parent company IKM Subsea says: “We are especially pleased to be awarded such a big contract in a new market for us such as Indonesia. It is a complement to our organization that state of the art equipment built in Norway, can be competitive and be awarded for work in South East Asia”

Equipment for the contract will be mobilized from IKM Subsea HQ in Norway, whereas the contract will be run from IKM Subsea Singapore, through its affiliate; IKM Subsea Indonesia.

IKM Subsea would be providing the in house built Merlin WR200 Workclass ROV and the Sub Atlantic Mohican Observation ROV together with all necessary toolings & personnel onboard the rig to support the operations.

Mahesh Govindan, General Manager of IKM Subsea in Singapore says: “This is an exciting project to be involved in and we are pleased to have been awarded this. IKM Subsea in a very short term has grown to be a reliable ROV service provider globally and will look into this as a stepping stone to participate in more Rig projects. The Singapore office will be expanding the workforce to manage this big project in addition to the other ongoing projects.”

Press Release, September 15, 2014

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