Ocean Installer clinches major contracts from STATOIL

Ocean Installer continues building on its strong track record on the Norwegian Continental Shelf, securing two substantial SURF contracts with Statoil, the Company said in a press release.

The company has secured two contracts, comprising work from 2018 through 2020 on the Snorre, Troll, Njord, Åsgard, Bauge, Fenja and Dvalin fields.

The first contract is for Subsea Lines Modification (SLM) work, with offshore activities containing complex riser change-out operations, set to commence in Q2 of 2018.

CEO Steinar Riise comments: "We continue to build on the excellent working relationship we have with Statoil. Our track record has proven that we are capable of delivering efficient subsea solutions, especially handling complex installations. Hence, we are pleased with the trust that Statoil has given to Ocean Installer by award of this contract".

The second contract Ocean Installer has secured is for Subsea Lines Modification under Statoil’s Marine Wave scheme. This is the third Marine Wave, and Ocean Installer participated in the previous two as well. Offshore operations are scheduled for the 2019 and 2020 seasons, and includes firm work on Njord Future, Bauge, Fenja and Dvalin projects, with significant options to broaden the scope of the contract.

"The subsea industry is bouncing back, and we are well positioned to take advantage of the contracts currently in the market. Our flexible, professional and innovative organization is delivering on a very high level," Riise said.

Project management on both projects will be handled by Ocean Installer’s Stavanger office.

About Ocean Installer
Ocean Installer is a subsea company headquartered in Stavanger, Norway and with offices in Aberdeen, Houston, Dubai, Perth, Mexico City and Rio de Janeiro. Ocean Installer holds strong EPCI expertise within the SURF (Subsea, Umbilicals, Risers, Flowlines) segment and is rapidly expanding its operations and organisation within and beyond the North Sea basin.

Ocean Installer provides its clients with recognised first-rate assets and has secured long-term charters on three construction support vessels (CSV): Normand Clipper, Normand Mermaid and Normand Vision. Ocean Installer will continuously invest and develop its assets to fulfill its ambition to be a key service provider within the SURF segment.

Ocean Installer is majority-owned by HitecVision, a leading investor in the oil and gas industry.