The deal will see Bibby's diving support vessel, Bibby Sapphire, facilitate construction and inspection, repair and maintenance (IRM) activities at Maersk's North Sea assets. The agreement will take effect in early January and last for 365 continuous days.
The two companies have also agreed three one-year options for engineering work due to start onshore in the third quarter of this year.
Bibby previously delivered inspection, repair and maintenance and construction services for Maersk on the Gryphon Area Reinstatement Programme in the North Sea. That involved the installation and tie-ins of flexible and control jumpers, with pre-commissioning and testing carried out to connect the Gryphon 'A' FPSO (floating, production, storage and offloading vessel).
Howard Woodcock, chief executive of Bibby, said: "This is a significant contract award for the company and the scope of work involved underpins our reputation within the construction and IRM fields. 2013 has been a successful year so far for Bibby Offshore and the business is expanding rapidly, following our relocation to our new facility at Atmosphere One, Westhill."