Statoil, IKM Subsea partner to introduce residential ROV concept

8/11/2016

BRYNE, Norway -- IKM Subsea has been awarded a contract for ROV and subsea services for Statoil's Visund and Snorre B assets.

The contract has a firm duration of 10 years, and the contract value for IKM is up to 0.75 billion NOK, in total, for this period. The contract may be extended for a further period of 15 years.

For the first time in history, Statoil and IKM will introduce the so-called concept of RROV (Residential ROV). RROV represents a permanently subsea-installed ROV system operated from a dedicated operational base positioned onshore. This concept will define future applications of ROV technology, produce major operational advantages, and produce a platform for cost savings as compared to existing ROV concepts.

The agreement will combine the use of existing proprietary Merlin ROV technology with RROV technology to be developed throughout the contract. Similarly, the staffing of the operations will be performed by a combination of both onshore and offshore personnel.

“This major achievement is an important milestone for IKM Subsea. We expect this contract and the subsequent new technology thereof to produce a game-changer to the ROV market segment,” Ben Pollard, managing director of IKM Subsea, said.

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