DeepOcean AS, has been awarded an EPCI contract for performing marine operations in connection with Repsol’s tieback of YME Beta North reservoir to existing facilities.

The award to DeepOcean covers project management, engineering, construction and offshore installation activities. The offshore work includes marine operations for installation and tie-in of Subsea spools, flying leads and installation of Subsea Structures at the YME Beta North field. Preparations for start of production for the YME Beta North tie-back are also included in the contract.

The onshore project team will work out of DeepOcean’s office in Haugesund, with offshore execution scheduled for 2021.

DeepOcean’s Commercial Director for Deepocean Europe, Rolf Ivar Sørdal, said:

“DeepOcean is continuously working hard to develop efficient solutions for our customers and to deliver as promised. This award is a true recognition of our achievements, all founded on our dedicated workforce and their flexible and cooperative mindset during project execution.

The project fits very well with our capabilities and construction vessel fleet, and we are pleased that Repsol again has trusted us with this exciting award. DeepOcean is looking forward to cooperating with Repsol to deliver a successful and safe project”.

About DeepOcean

DeepOcean is an integrated provider of safe, high quality, innovative services and technologies for the subsea industry. Demonstrating an extensive track record, DeepOcean offers a breadth of subsea services including Survey and Seabed-mapping, Subsea Installation, Seabed Intervention, Inspection, Maintenance and Repair (IMR), and Decommissioning.

About Repsol

Repsol is a global energy company present throughout the whole energy value chain. The company has upstream activity in 25 countries, produces 715,000 barrels of oil equivalent per day and has one of the most efficient refining systems in Europe. Repsol also operates low-emissions electricity generation assets, including photovoltaic and offshore wind power projects, and it is pioneering development of mobility initiatives to build new solutions and provide enhanced energy sources for transportation. Repsol is present in the United States since 2006. As of December 31, 2018, the company had 559 employees working in the country, owned mineral rights to a total net surface area of 3,111 Km2 and accounted for a net production of 113,539 barrels of oil equivalent per day. Net proved reserves in the United States amounted to 419.2 million barrels of oil equivalent.