Contract for DeepOcean

December 9, 2002, 10:00 CET

A letter of intent covering a contract worth some NOK 100 million for pipeline inspection and other services has been awarded to DeepOcean by Statoil, acting on behalf of operator Gassco.

Due to run for two years from 15 March 2003, this agreement will also involve seabed mapping and assistance to Statoil during pipelaying.

The bulk of the contract relates to inspecting the roughly 6,000-kilometre pipeline network for which Statoil is technical operator.

In addition comes assistance with laying the gas line between the group’s Kvitebjørn platform in the North Sea and the treatment plant at Kollsnes near Bergen.

Further work within the capacity of the vessels concerned, Normand Tonjer and a newbuilding, could also be awarded.

Normand Tonjer has been under contract to Statoil for the past three years, while the newbuilding is the ST-253 under construction for Norway’s Østensjø Rederi for delivery this spring.