K Line Offshore and IKM Subsea have come to an agreement to extend the current ROV services contracts on KL Sandefjord and KL Saltfjord by 5 years until mid-2020.
According to IKM, the contract value, including options, is NOK 140 million (approx. $17.2 million) and duration term is firm for 5 years + 2 yearly options.
“I am pleased to announce the news of this long term contract in these challenging times. We have had an excellent working relationship with K Line Offshore over the last 4 years and the fact that they are extending the contract by 5 years is a testament to the quality of service we have supplied.” emphasis Ben Pollard , Managing Director of IKM Subsea.
Since 2011, IKM Subsea has supplied two Merlin WR200 Work class ROVs onboard on the vessels and had in addition supplied the ROVs with personnel and other related services.
“We are looking forward to continue this great and longstanding cooperation with IKM Subsea” says Tomoyuki Okawa , Chief Executive Officer of K Line Offshore AS.