Poseidon Group Wins Frame Contract from Statoil

Statoil has awarded the Poseidon Group a frame agreement for engineering services for Statoil's subsea projects.

The contract covers delivery of consulting services for Subsea Systems, Technology Development (engineering, Construction Management and Subsea Completion) and Subsea Operations (Installation and Operation).

The following systems are included:

-Subsea Production Systems
-Control Systems
-Subsea Interventions
-Marine Operations
-Quality Control

The contract is valid from May 2007 until April 2009, with an option for 2 years.