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Subsea 7 awarded contract North Sea IMR contract

09 November 2012

Subsea 7 has announced that BP has extended its contract for inspection, maintenance and repair (IMR) services in the North Sea.

The five year contract extension is valued at approximately US$300M and will run until 2017.

Under the terms of this contract Subsea 7 will deploy the multi-purpose support vessel Subsea Viking to provide extensive support services primarily for BP’s operations in the Foinaven and Schiehallion fields, west of Shetland, as well as support for BP assets elsewhere in the North Sea.

Trevor Garlick, Regional President BP North Sea, said: "We are continuing to invest heavily in our core North Sea assets and local contractors in the north east of Scotland are playing a vital role supporting this strategy.

2We look forward to continuing to work with Subsea 7 in safely maintaining our existing and new subsea infrastructure.”

Steph McNeill, Vice President UK and Canada, said: "We are delighted with this significant award from BP which will secure 100 UK jobs. Subsea 7 has successfully supported BP’s operations in the very challenging deep water environment west of Shetland since 1998 and today’s announcement will see that relationship continue for at least a further five years."