The Norwegian Subsea Contract 05 (NSC 05) is a set of standard conditions developed for contracting within the subsea segment, on the Norwegian continental shelf. The preparation of the standard was initiated by Norwegian Oil and Gas Associatio. Participants in the negotiation of his Norwegian Oil and Gas Associatio model contract have been Statoil, Stolt Offshore, Subsea 7 and Technip Offshore Norge.
The intended application of the NSC 05 is contracts for marine operations such as installation of pipelines, cables, umbilicals and other subsea structures and related subsea construction work where the use of vessels is involved. This standard captures both “installation only” contracts as well as full EPCI type contracts and addresses specific risks in connection with subsea work and the operation of vessels.
There is no commitment to use NSC 05 for any Norwegian Oil and Gas Associatio member. It is, however, recommended that when this model contract is used as a basis for an invitation to tender, then any changes made in order to reflect project specific circumstances should be identified.