The award is part of Statoil’s Marine Wave 2 program and means that Ocean Installer will continue playing a key role in the Johan Sverdrup subsea works, initiated under the Marine Wave 1 umbrella. The complete work scope encompasses umbilical installation at Johan Sverdrup, Bauge and Utgard, as well as spools, cover, tie-in and manifold installation at Utgard.

“Ocean Installer is conducting widespread work for Statoil under the Marine Wave 1 program this year and we are truly pleased to have been selected as a key contractor also for the second phase of this Statoil scheme in 2019. We welcome this opportunity to continue to develop our good working relationship with Statoil,” says Ocean Installer CEO Steinar Riise.

Project management and engineering will be based at Ocean Installer’s headquarters in Stavanger and commence with immediate effect. Offshore operations will take place in 2019 and Ocean Installer will utilise a combination of the construction support vessels (CSV) Normand Vision and Normand Reach.

About Ocean Installer

Ocean Installer is a subsea company headquartered in Stavanger, Norway and with offices in Aberdeen, Houston, Dubai, Perth, Mexico City and Rio de Janeiro. Ocean Installer holds strong EPCI expertise within the SURF (Subsea, Umbilicals, Risers, Flowlines) segment and is rapidly expanding its operations and organisation within and beyond the North Sea basin.

Ocean Installer provides its clients with recognised first-rate assets and has in place long-term charters on the two construction support vessels (CSV) Normand Mermaid and Normand Vision. In addition, the company has access to a broad range of additional vessels through long-term partnerships.

Ocean Installer is majority-owned by HitecVision, a leading investor in the oil and gas industry.

Ocean Installer holds FPAL- and Achilles certifications, with systems established in accordance with the requirements set out in ISO 9001, 14001, 18001 and 31 000 standards.

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.