DeepOcean AS, as subsidiary of DeepOcean Group Holding BV (DeepOcean), has been awarded a significant contract by Statoil for performing marine operation scope on the Snorre Expansion Project in the North Sea.

The award covers project management, engineering, procurement of anchors for risers and umbilicals and offshore installation activities. The offshore work includes installation of six integrated subsea template structures and manifolds, and installation of riser systems and umbilical systems on the Snorre A production platform.

The onshore project team will work out of DeepOcean’s offices in Haugesund and Stavanger, Norway. Offshore execution will be performed with DeepOcean’s construction vessel Edda Freya in 2019 and 2020.

DeepOcean’s Commercial Director for Subsea Services, Rolf Ivar Sørdal, said:

“DeepOcean is extremely pleased and proud of being awarded this work scope and see it as an important milestone in further developing DeepOcean as a reliable partner within the SURF segment, providing innovative and cost effective solutions to our customers. The Snorre Expansion Project is one of the key development projects ongoing in the North Sea and we are pleased that Statoil has selected DeepOcean as their contractor for these demanding subsea operations. We are looking forward to work together with Statoil and successfully execute the project in a professional and safe manner”.

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 Statoil

Statoil ASA (OSE: STL, NYSE: STO) is an international energy company with operations in more than 30 countries, present in several of the most important oil and gas provinces in the world. Building on more than 45 years of experience from oil and gas production on the Norwegian continental shelf, we are committed to accommodating the world's energy needs in a responsible manner, applying technology and creating innovative business solutions. Statoil is among the world's largest net sellers of crude oil and condensate, the second-largest supplier of natural gas to the European market, and we also have substantial processing and refining operations. Statoil’s equity oil and gas production is around 2 million barrels oil equivalent per day. Statoil has contracted a fleet of around 90 ship for transportation of oil and LNG.
Statoil is headquartered in Norway with 21,000 employees worldwide, and is listed on the New York and Oslo stock exchanges.