Wintershall Dea has turned to Optime Subsea to provide remotely controlled subsea well intervention and completion system services for its operated fields on the Norwegian continental shelf.
Under the agreement, Wintershall Dea will lease three remote control systems (ROCS), including its universal landing rope system (panpipe) and two electrical wireless underwater control and intervention systems (eSCILS) from Optime Subsea, according to the company’s statement.
Optime Subsea will also provide technical service personnel to Wintershall Dea under the agreement which has a firm term of three years and two additional two-year options. Optime Subsea estimates it could generate about NOK 500 million ($48.5 million) in revenue, if the entire contract is exercised.
“This contract demonstrates our position as the world’s leading provider of remotely controlled well intervention and completion systems. Our solutions are designed to simplify the subsea, resulting in less offshore equipment, less weight, less logistics , lower HSE risk, lower emissions and lower costs. We look forward to supporting Wintershall Dea in achieving this,” says Jan-Fredrik Carlsen, CEO of Optime Subsea.
Optime Subsea had made an investment in 2022 to build ten similar ROCS systems. Six are already contracted, with a North Sea operator commissioning the first two, a West African operator commissioning the third and Wintershall Dea now three.
“The decision to make such a large initial investment was based on our market position and the interest received from operators globally, as well as an attempt to manage supply chain constraints. Looking back, obviously it was an ambitious but smart decision. We expect to close contracts for the remaining four systems within the next six months,” adds Jan-Fredrik Carlsen.
The ROCS is a fully battery-powered, umbilical-free system for well completion operations. The eSCILS is a battery-powered, umbilical-less subsea access device for well intervention and repair operations.
Optime Subsea will manufacture all equipment at the company’s headquarters in Notodden, Norway.
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