3+2 year ROV frame agreement awarded to IKM Subsea by Nexans Norway

IKM Subsea have been awarded a 3+2 year frame agreement by Nexans Norway for ROV services.

Merlin WR200 ROV represents a remotely operated vehicle (ROV) work class with deepwater capabilities.

The contract has an expected value in excess of 100 million NOK. Initially the frame agreement will include ROV services onboard Nexans Cable lay ship, Skagerrak Nexans. Further ROV work on other vessels chartered by Nexans Norway is also expected.

"The cable lay market is a new area for us, we are therefore extremely happy that a local Norwegian owned and operated ROV company was able to beat the big foreign owned ROV companies in winning such a big frame agreement" says IKM Subsea Managing Director, Ben Pollard.

Source: IKM Group