DeepOcean AS: LOI for Rig Demolition

Friday, September 09, 2011

DeepOcean AS, a subsidiary of DeepOcean Group Holding AS, DeepOcean has been awarded a Letter of Intent (LOI) by AF Group in connection with their demolition and recycling contract for the H7 riser platform cessation project for Statoil, on behalf of Gassco as operator for Gassled.
The platform is located at the German continental shelf of the North Sea, and has been a part of the pipeline which exports gas to Europe. The work covers planning, engineering and execution of subsea removal work on the jacket substructure as well as preparatory inspections and seabed intervention work offshore. In this context DeepOcean will provide own vessels as well as ROV’s and various cutting equipment to be mobilized on the main offshore decommissioning unit supplied by the AF Group.
The LOI also includes an option for similar work activities on the B11 platform.
The estimated contract value is approximately NOK 68 million, excl. optional work mentioned above. The work will start immediately, with offshore work planned for period 2013/2014.
“This is the 2nd significant award of a decommissioning contract to DeepOcean this summer following the recent award of the Statfjord SFC loading buoy EPRD contract by Statoil. I’m pleased to learn that our customers appreciates the skills and capabilities of DeepOcean in the decommissioning segment. Also, I’m looking forward to yet again co-operate with the AF Group on a challenging project where the joint capabilities of the two companies are brought together”, said Mads Bårdsen, President, DeepOcean.

Maritime Reporter April 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

BIMCO Welcomes EU Decision on Migrants

BIMCO has stated today that it appreciates the new efforts by EU leaders to reduce increasing reliance on merchant shipping to rescue the growing numbers of

Long Beach, Los Angeles ports host forum to gather input

More than 100 cargo owners, trucking firm leaders, longshore labor, marine terminals and other goods movement industry representatives turned out Wednesday for

Arctic Nations to Fight Climate Change Despite Russia Tensions

The eight Arctic Council nations pledged on Friday to do more to combat climate change that is shrinking the vast frigid region, with countries trying to put

Contracts

Algoma Central Orders New Great Lakes Ships

Algoma Central Corporation announces $160 million investment in fleet expansion and fleet renewal   Algoma Central Corporation announced that it has acquired

Russia, France Close to Deal on Mistrals

Russia and France are close to reaching an agreement for Paris to cancel a frozen contract on the sale of Mistral helicopter carriers and reimburse Moscow, a Russian

Horizon's Hawaii Business Acquisition Cleared by DOJ

Horizon Lines, Inc. reported yesterday that, after a review by the Antitrust Division of the Department of Justice, Horizon's proposed sales transaction with The

Offshore

Falklands' Oil Drilling at Isobel Deep Suspended

Oil explorers drilling in the waters north of the Falkland Islands have suspended work on the second well of their 2015 current six-well drilling campaign after a technical problem.

Arctic Nations to Fight Climate Change Despite Russia Tensions

The eight Arctic Council nations pledged on Friday to do more to combat climate change that is shrinking the vast frigid region, with countries trying to put

OSV Technology: Notable Designs & Deliveries

Though the market for Offshore Support Vessels (OSVs) is soft, advances in technology, fit and finish in  the sector is unrivaled in any other maritime niche over the past five years.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Navigation Offshore Oil Pipelines Salvage Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1618 sec (6 req/sec)