UK services player Subsea 7 won extensions Monday for two underwater services contracts worth a combined $240 million from Royal Dutch Shell.
Shell Upstream Interntional Europe inked two-year extensions for a diving support vessel (DSV) and a remotely operated vehicle support vessel (ROVSV) services contracts.
The extensions will begin in 2016.
Subsea 7 will continue to provide subsea construction, inspection, repair, maintenance and decommissioning services to Shell’s UK offshore fields and facilities.
The DSV contract will be delivered on a 24-hour, year-round basis through to the third quarter of 2018.
The ROVSV contract will cover a minimum of 100 vessel days per year and continue through the second quarter of 2018.
Subsea 7’s North Sea fleet, including the Seven Atlantic for the DSV work scope, will perform the underwater services contracts.
Associated project management and engineering support for the contracts will be executed from Shell’s and Subsea 7’s offices in Aberdeen.
“We are proud to have received these contract extensions,” Subsea 7 Vice President UK and Canada Phil Simons said.