DeepOcean Announces Agreement with Statoil

On Friday,August 10th, 2012 DeepOcean Group, announced it was awarded a significant call-off under the current long-term frame agreement for offshore survey services for Statoil.

In general the frame agreement includes services covering light construction services, ROV surveys with hull mounted Multi Beam Echosounder (MBE) and ROV surveys without MBE.

As part of this contract, Statoil has awarded DeepOcean a call-off for 6 month operations in 2013. The call-off further includes options to extend the firm period with up to 6 additional months. The project will commence March 1, 2013 and it will be executed from the survey and light construction support vessel Volstad Surveyor. The project will be managed by an onshore project team in DeepOcean’s Haugesund office.

“This contract is of great importance to our company and we are pleased to learn that Statoil will continue working with us also in 2013. At the moment we are in the middle of the similar campaign for 2012 and this award shows what confidence Statoil has in our offshore and onshore teams and the quality of work we deliver” says Mads Baardsen, the President of DeepOcean.

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Press Release, August 13, 2012