PARIS – Technip has signed options for a two-year extension of a frame contract to provide Statoil with pipeline repair system (PRS) services.
The program, for operations on the Norwegian continental shelf, now has a latest possible completion date of Dec. 1, 2014. Annual revenue to Technip is estimated at €13-26 million ($17.6-35.3 million).
Technip’s contract covers maintenance and operation of Statoil’s PRS Pool based at Killingøy in Haugesund, western Norway.
The agreement calls for Technip to ensure that the PRS is ready for contingency operations and that qualified personnel are on hand to operate the equipment in an emergency.
Additionally, the PRS is used for planned marine operations such as hot-taps and hyperbaric welding.
Technip’s operating center at Killingøy operates the contract, in collaboration with DeepOcean.