The Technip-DeepOcean PRS Joint Venture (JV) was awarded by Statoil ASA a new frame agreement for Pipeline Repair System (PRS) Pool services. Starting on December 1st, 2014, the agreement will have a firm duration of five years as well as three optional periods of two years each. The contract was sent out on competitive tender by Statoil in December last year and will replace the existing one which was awarded to Technip by Statoil in 2005 for subsea services, comprising maintenance and preparation of equipment utilized for PRS.

This agreement will ensure pipeline contingency for the PRS Pool members currently covering up to 15,000 kilometers of pipeline. The scope of work includes: • The management, administration, operation and maintenance of the PRS equipment, Mobilisation/demobilisation and offshore operations related to the use of the PRS equipment, Studies, engineering, procurement and fabrication for PRS Pool.

Tags: Statoil, Technip