Subsea Company News

Norway's Ocean Installer has secured two subsea umbilicals, risers and flowlines (SURF) contracts with Statoil for work on several fields offshore Norway. The subsea company has secured two contracts, comprising work from 2018 through 2020 on the Snorre, Troll, Njord, Åsgard, Bauge, Fenja and Dvalin fields, said a press statement. 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. "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.

Ocean Installer has been awarded a Regional Framework Agreement with BP for subsea work in the Gulf of Mexico region. The agreement covers subsea fabrication, transportation and installation of offshore facilities, as well as hook up and commissioning, and is valid for three years. Specific work scopes will be carried out under individual call-off contracts, and accordingly no firm work is currently committed under the agreement. “We have successfully executed work for BP in the GoM during the last couple of years, and we are happy to see the relationship manifest itself in such an agreement. Now our focus is to win call-off work within this framework,” says Mike Newbury, President of Ocean Installer in the US.

DeepOcean was established in 1999 and is dedicated to subsea services and operations in deep waters, able to take on deep-water assignments anywhere in the world. The company is an integrated service provider for the subsea industry. DeepOcean has a global track record of subsea services including Survey and Seabed-mapping, Subsea Construction and Installation, Seabed Intervention, IMR, and Decommissioning. Since its entry into the Brazilian offshore market, DeepOcean has accumulated extensive experience in deepwater operation, having become a preferred partner to national operator Petrobras, which is one of the few super-majors still awarding long-term contracts for subsea IMR and subsea construction & intervention.

Aker Solutions has agreed to acquire a majority stake in Aberdeen-based Enovate Systems Ltd. Enovate Systems Limited is a leading technology company within the subsea well control equipment sector. The financial details of the acquisition are undisclosed. Enovate, which currently employs 62 people, has developed a wide range of unique and patented components and products for use in open water workover systems, in riser workover systems, rigless intervention systems and drilling safety systems. Specific advantages are superior cutting and sealing capabilities and the unique use of complete metal-to-metal sealing solutions which significantly reduce the probability of leakage and improve safety.