The contract will begin this quarter and end in the third quarter of 2017 and will involve light subsea construction, inspection, repair and maintenance services.

The full scope of the work will cover the provision of two vessels, associated project management and engineering support, and remotely operated vehicle-based inspection and intervention.

One vessel is a newbuild offshore subsea construction vessel, while the other is a light construction vessel.

Both will be chartered on a long-term basis.