The project which has been awarded is corresponds to an extension of both the dedicated vessel and equipment, developed under the current Asgard Subsea Compression Marine operations contract.
The new contract will also allow Statoil to use the vessel for other IMR and construction work and licenses portfolio on the Norwegian continental shelf.
Technip operating center in Stavanger, Norway, will manage the contract, while expected to start in 2015, after completion of the initial installation of the subsea compression modules.
In addition, Technip will support Statoil with providing onboard Special Handling System (SHS), a purpose-built system for installation and recovery of heavy subsea compression modules in adverse sea states.
Technip Norway managing director Odd Strømsnes said the Asgard subsea compression project is one of the key subsea technology projects currently undertaken in the North Sea-Canada region.
"This award strategically positions us to meet future industry requirements for heavy IMR related work, requiring ability to handle heavier loads in harsh environments," Strømsnes added.
