DeepOcean ASA (DeepOcean) has been awarded a Letter of Agreement (LOA) from ConocoPhilips Skandinavia AS (ConocoPhilips) for performance of unmanned Subsea Construction work and Pre-Route Survey at the Ekofisk area in the North Sea. The work will be performed under the existing Service Agreement between ConocoPhillips and the DeepOcean group company CTC Marine Projects Ltd.
The Engineering work starts immediately. A period of approximately 60 days offshore work will commence on or about 15 May 2008 utilising the vessel Edda Freya.
Estimated Contract value is NOK 40-50 millions.
CEO of DeepOcean, Kåre Johannes Lie says in a comment: "Being one of the major operating companies in Norway, we are very pleased with developing our service range for ConocoPhillips to also include survey and construction work. This further recognises DeepOcean as an attractive subsea contractor."