Subsea 7 Awarded $55M Contract in the North Sea
Subsea 7 Inc today announced the award of a contract in the Danish sector of the North Sea valued in excess of US $55 million.
The Subsea 7 work scope is to engineer, procure, fabricate, install and commission a 2.2.km bundle* system. Included in the scope of work are the associated subsea tie-ins and testing and pre-commissioning works.
Offshore installation of the bundle system is scheduled for 2011 with tie-ins in 2012.
Further information regarding the contract award will be released at the earliest opportunity.
*A pipeline bundle product integrates the required flow lines, water injection, gas lift and control systems necessary for a subsea development and assembles them within a steel carrier pipe. At each end of the pipeline, the structures, manifolds, incorporating equipment and valves, designed specifically to the requirements of the field, are attached. The fully tested system is then launched and transported to the location using the controlled depth tow method. Once installed no trenching or rock dumping is required.
Subsea 7 Inc. (OSE Symbol: SUB) is one of the world's leading subsea engineering and construction companies offering all the expertise and assets that make subsea umbilical, riser and flowline (SURF) field development possible. With a multi-national workforce in excess of 5,000 people worldwide, the company's global offshore operations are supported out of the North Sea, Africa, Asia Pacific, Brazil, North America and the North Sea. Subsea 7 has a fleet of industry leading, dynamically-positioned ships capable of reeled and flexible pipelay, subsea construction and saturation diving and a portfolio of pipeline construction yards worldwide.
Published 10/11/2010
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