IKM Subsea signs new long term contract with "K" Line Offshore

K 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.”