Statoil Awards Subsea 7 Five-Year Services Contract Offshore Norway

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.