Farstad Shipping has won a new three year contract for its CSV Far Sentinel vessel from Subtec.
The vessel will carry out delivery of light construction work and other subsea related activities in the Gulf of Mexico.
The contract is expected to begin next month.
Chief executive Karl-Johan Bakken said the deal was an “important and significant” contract for the company.
He said: “It proves that even in a very challenging market, we are able to conclude long-term contracts for our vessels.
“This contract secures valuable competence and activity for our employees.”
He said a strong position in the subsea market was “vital” for the company in the current low oil price environment.