Shell prolongs Subsea 7 UK diving, ROV deal

Shell Upstream International Europe has awarded Subsea 7 (Oslo Børs: SUBC) a two-year, $240-million extension for two underwater services contracts.

Offshore staff

LUXEMBOURGShell Upstream International Europe has awarded Subsea 7 (Oslo Børs: SUBC) a two-year, $240-million extension for two underwater services contracts.

Both life of field contract extensions, for diving support vessel (DSV) and ROV support vessel (ROVSV) services, take effect in 2016.

Subsea 7 will continue to providesubsea construction, inspection, repair, maintenance, and decommissioning services to Shell’s UK offshore fields and facilities.

The DSV contract will be delivered on a 24 hour, year-round basis through to the 3Q 2018. The ROVSV contract will cover a minimum of 100 vessel days per year and continue through to 2Q 2018.

Subsea 7’s North Sea fleet, including theSeven Atlantic for the DSV workscope, will undertake the work. Associated project management and engineering support will be executed from Shell’s and Subsea 7’s offices in Aberdeen.

03/02/2015

More in Subsea