IKM Subsea signs new long term contract with "K" Line Offshore Sep 18, 2015K Line Offshore and IKM Subsea have come to an agreement to extend the current ROV services contracts on KL Sandefjord and KL Saltfjord by 5 years until mid-2020. The contract value including options is 140 million NOK and duration term is firm for 5 years + 2 yearly options.“I am pleased to announce the news of this long term contract in these challenging times. We have had an excellent working relationship with K Line Offshore over the last 4 years and the fact that they are extending the contract by 5 years is a testament to the quality of service we have supplied.”