DeepOcean announced that it had received a call-off under its new Master Service Agreement (MSA) with BP Exploration Operating Company Ltd.

The call-off covers the installation of a new flexible water injection riser and the recovery of the existing water injection riser in the Foinaven field, West of Shetland, in a water depth of 460 metres. The work includes project management, engineering and logistics. The offshore work is scheduled to be executed in the third quarter of 2017 with the Edda Freya OCV. The onshore project team will work out of DeepOcean’s offices in Aberdeen and Haugesund, Norway.

DeepOcean’s Commercial Director for Subsea Services, Rolf Ivar Sørdal, said: “I am pleased that we have signed a new MSA with BP which validates the relationship we have developed since 2010. The scope of work in the MSA covers a wide range of subsea activities. In a challenging market it is difficult to predict the work volume that can be generated under the MSA, but in any event I’m sure this MSA will provide work opportunities for the local workforce in the Aberdeen area.

The call-off of the Foinaven SURF work is the first scope we have been awarded under the new MSA and we are appreciative of BP’s confidence in the DeepOcean team to prepare and execute this critical offshore work. DeepOcean values local contents and hence more than one third of the personnel involved in this project will be British”.

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 BP

BP (NYSE:BP) is one of the world's largest oil and gas companies, serving millions of customers every day in more than 80 countries, and employing nearly 85,000 people. BP's business segments are oil and gas exploration & production, and refining & marketing. In alternative energies, BP has low- and no-carbon wind and biofuels businesses. Through these activities, BP provides fuel for transportation; energy for heat and light; services for motorists; and petrochemicals products for plastics, textiles and food packaging. It has strong positions in many of the world's hydrocarbons basins and strong market positions in key economies.