Technip-DeepOcean win Statoil pipeline work

Statoil has inked a frame agreement with a joint venture between Technip of France and DeepOcean of Norway that will cover pipeline repair system services.

The five-year deal will take effect on 1 December of this year and will replace an existing award by Statoil to Technip by Statoil in 2005 for subsea services.

The award comes with three optional periods of two years each. Financial terms were not disclosed.

It covers up to 15,000 kilometres of pipeline, with a work scope that includes management, administration, operation and maintenance of equipment; mobilisation and offshore operations related to the use of the equipment; and studies, engineering, procurement and fabrication.

Technip and DeepOcean won the award after a competitive tender was put out by Statoil in December last year.

Most work will be performed at Statoil facilities at Killingoy in Haugesund, Norway. The offshore operations will mainly cover the North Sea, but the area of operation may be extended globally "based on Statoil's future requirements".

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