DeepOcean ASA has received a Letter of Intent with AF Decom Offshore, a business unit of AF Gruppen, for all subsea work in connection with the removal of the Offshore Loading Buoy installations at the Kittywake field in UK waters. DeepOcean will provide the offshore vessel with associated equipment and personnel together with onshore engineering and project management services. AF Decom Offshore holds the main contract with UK client Venture Production plc.
DeepOcean will use its new build vessel Volantis for the offshore campaign which comprise the following services: cutting and recovery of Loading Buoy mooring lines, mooring piles, PLEM, clumpweight, buoyancy element, rigid pipe spools, flexible riser and umbilicals.
The contract value is about NOK 60 million and the work will be performed during summer of 2008.
DeepOcean's CEO Kåre Johannes Lie commented: ‘Following DeepOcean's successful execution of the subsea decommissioning work at the Frigg Field for Total in 2005/06, the award of this contract for the Kittywake Field recognise DeepOcean as being a key subsea services contractor in the offshore oil and gas decommissioning market and enable us to further demonstrate the company's expertise in this area'.