Shell Upstream International Europe has extended two underwater services contracts it has with Subsea 7, in a deal worth a total of $240 million.
The extensions, which are life of field contracts for diving support vessel (DSV) and remotely operated vehicle support (ROVSV) vessel services, will commence in 2016. Subsea 7 will continue to supply subsea construction, repair, inspection, maintenance and decommissioning services to Shell’s UK offshore facilities and fields.
The DSV contract will be provided on a 2014 year-round basis through to late 2018, while the ROVSV contract covers a minimum of 100 vessel days per year and will continue through to the second quarter of 2018. Subsea states that its North Sea fleet, including the Seven Atlantic for the DSV workshop, will complete the work.
Phil Simons, Subsea 7 Vice President UK and Canada, said: "We are proud to have received these contract extensions. An award of this importance recognises our strong track record in providing life of field expertise and high quality vessels and safe and efficient operations to Shell since our support of their subsea operations began in 1984."