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IKM Signs a 1+1+1 year ROV Contract with Statoil

Source: www.gulfoilandgas.com 3/19/2014, Location: Europe

IKM Subsea has been awarded a 1+1+1 year contract by Statoil ASA for ROV drill support service. The contract includes ROV services onboard Maersk XLE 3 . Maersk XLE -3 is a jack -up rig to perform drilling at the Gina Krog field.

"The fact that Statoil reward us with our second drill support contract, indicates that the market has noticed IKM Subseas’s good progress. " Say’s IKM Subsea Business Development Manager, Hans Fjellanger . IKM Subsea has already won several drill support contracts in Norway, but also internationally, this has, and will give us useful track record for achieving IKM Subsea’s expansion plans for the future.

"As a Norwegian-owned and independent ROV operator we are very happy to win such an important contract in competition with the big foreign companies ROV. This is a milestone for us and will bring IKM Subsea to an even higher level than we are today.

This is according to our strategy to be one of the major players in the ROV industry. IKM Subsea as an independent ROV operator will continue to grow both in size and in terms of expertise. " Says Hans Fjellanger.

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