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KM Subsea signs new multi-year frame agreement with Nexans Norway AS

Nexans Norway and IKM Subsea have come to an agreement to extend the current ROV services contracts on board the C/S Nexans Skagerrak. The contract value including options is 75 million NOK and duration term is firm for 3 years + 2 yearly options.

IKM Subsea’s ROV services will be integrated with iSurvey’s positioning and monitoring service during cable lay and trenching operations.

“I am pleased to announce the news of this long term contract in these challenging times. This enables us to further develop our capabilities within the subsea power cable lay market. We have had an excellent working relationship with Nexans Norway over the last 3,5 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 2012, IKM Subsea has supplied a Merlin WR200 Work class ROV’s onboard on the C/S Nexans Skagerrak and had in addition supplied the ROV’s with personnel and other related services.

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Nexans Norway

Nexans brings energy to life through an extensive range of cables and cabling solutions that deliver increased performance for our customers worldwide. Nexans Norway AS is a leading supplier of power, telecommunications, installations and heating cables in Norway, and is among the world’s leading manufacturers of offshore control cables and high-voltage submarine cables. The company’s head office is in Oslo, and it has manufacturing plants at Rognan, Namsos, Langhus, Karmøy and Halden. The company has nearly 1,600 employees and organized into three product areas: Market Lines, Hybrid Underwater Cables and Submarine High Voltage. More information on www.Nexans.no

IKM Subsea

IKM Subsea is an independent ROV operator with our own Merlin technology. Daily we perform ROV service on a global basis.

With more than 150 employees and 22 ROV systems we are currently the world’s 10th largest ROV operator. Our own Merlin technology, competence, high tech workshop and unique subsea expertise enable us to deliver innovative solutions of the agreed quality at the agreed time and price.

IKM Subsea is a company in the IKM Group, a corporation that currently employ about 2450 employees and had a turnover of 4,2 billion NOK in 2015.

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