Siem Offshore and Subsea 7 have signed a joint three-year service agreement with Rolls-Royce.

The agreement covers a total of 74 offshore vessels. This is the first agreement the two Siem-owned companies have signed with the same service provider.

Under the agreement, Rolls-Royce will maintain and service all of the equipment it has delivered to the two companies’ offshore vessels.

Steinar Sandberg, Siem Group, Head of Group Procurement, said: “Naturally, we believe we can save money by jointly entering into this kind of service agreement. We have a modern and technically advanced fleet that requires good follow-up throughout the vessels’ working lives.”

Knut Hovland, Rolls-Royce, Director, Marine Services, said: “We have delivered equipment to around a quarter of the world’s registered fleet. As a result, we also have service assignments and long-term agreements with a large number of ship owners globally. We also have a network of service stations at 34 locations world-wide, so we can be close by whenever equipment needs servicing or repair.”