Statoil (NYSE: STO) has awarded Subsea 7 Norway AS a five-year contract for inspection, maintenance and repair services to be carried out by the Seven Viking vessel for subsea operations on the Norwegian continental shelf, the company said on May 9.

Subsea 7 will provide inspection, maintenance and repair services for Statoil’s 560 subsea wells on the Norwegian continental shelf. The service includes onshore project planning and offshore operational execution.

The contract is worth 1 billion NOK (roughly US$124 million), according to Statoil.

“Around half of Statoil’s [Norwegian continental shelf] production comes from subsea wells. Inspection, maintenance and repair on our subsea fields are key to maintain safe and efficient operations,” Kjetil Hove, head of operations technology on the Norwegian continental shelf, said.

(Seven Viking vessel, Source: Subsea 7, Statoil)

The vessel will be reconstructed from conventional to hybrid operation, which includes installation of battery and preparations for land-based power supply. The reconstruction is scheduled to be completed when the contract takes effect on January 2, 2019.

“We are working systematically on reducing CO2 emissions from our activities. Use of vessels is central in this regard. CO2 emissions and energy efficiency are therefore evaluated when we enter into new contracts. Competitive vessels with technology solutions leading to lower consumption are prioritized,” Pål Eitrheim, head of procurements at Statoil, said.

Offshore