IKM Subsea Secures North Sea Subsea Services Contract with Statoil

IKM Subsea AS (IKM) has secured a contract for ROV and subsea services from Statoil, covering the Visund and Snorre fields in the North Sea.

As part of the deal, Statoil and IKM will introduce the concept of RROV (Residential ROV) during the 10 year contract period. RROV represents a permanently subsea-installed ROV system operated from a dedicated operational base positioned onshore. This concept will define future applications of ROV technology, produce major operational advantages, and produce a platform for cost savings as compared to existing ROV concepts, according to IKM.

The contract will combine use of existing proprietary Merlin ROV technology in combination with RROV technology. The staffing of the operations will be a combination of traditional offshore crews and an onshore crew operating the IKM developed control center onshore.

IKM's new deal with Statoil, which has a value of up to $90 million (0.75 billion NOK), may be extended for a further period of 15 years.

“This major achievement is an important milestone for IKM Subsea. We expect this contract and the subsequent new technology thereof to produce a game-changer to the ROV market segment,” said Ben Pollard, managing director of IKM Subsea.



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