Statoil: Subsea contracts signed

Statoil has awarded a framework contract for subsea installations and associated call-off contracts to the Subsea 7-Acergy Consortium.

The consortium is a partnership between Acergy Norway AS and Subsea 7 Norway. The framework contract will cover all subsea installation work for Statoil in 2007 and 2008.

“We are very pleased with this framework contract, which will help secure vessel capacity for Statoil in a tight market”, said Jon