Statoil has decided to extend their current frame agreement with Viking Venture portfolio company 4Subsea with another two years.

The scope of the contract includes annulus testing and inspection on flexible risers on the Norwegian Continental Shelf (NCS). The original frame agreement lasted until June 2016. Statoil has now decided to utilise an option to extend the contract for two new years.

– We are pleased that Statoil continuously trusts us to play an important role in maintaining production through the integrity management work we perform on flexible risers and flowlines”, says Torbjørn Amundsen, Senior VP Products and Business Development.

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About 4Subsea:

4Subsea AS is an independent engineering company within subsea technology and renewable energy. The company was established in December 2007 and has a permanent staff of around 60. The staff consists of highly qualified chartered engineers with a unique blend of theoretical and practical experience within subsea technology.