The frame agreement is valid for 4 years.
Pipe Layer Normand Cutter - Image courtesy of Jan van Kan
Through this agreement, Saipem can utilize the Normand Cutter to support their subsea construction activities worldwide at pre-agreed commercial terms.
As part of the agreement, Saipem has declared a utilization of approximately 6 months from June 2017 for the Normand Cutter on a project in West Africa.
Source: Solstad Offshore