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    Statoil places major ROV contracts

    Projects and Operations // July 22, 2005
    Contracts and frame agreements relating to the use of remotely-operated vehicles (ROVs) with a total value of around NKr 1.8 billion have been awarded by Statoil to four companies.

    Oceaneering has secured a three-year contract with three options for two-year extensions - making a potential total of nine years - to provide ROV services on Heidrun in the Norwegian Sea.

    A similar three-year contract, with three options for two-year extensions, has been awarded to Subsea7 for providing the same type of services on the Visund field in the North Sea.

    Statoil has also concluded frame agreements with Oceaneering, Subsea7, Sonsub and DeepOcean for ROV services on mobile drilling rigs.

    These deals again run for three years with options for three two-year extensions.

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