Subsea 7 Announces $85M Pipelay Contract for Statoil in the North Sea
Subsea 7 Inc. announced today the award of an engineering, procurement, installation and commissioning (EPIC) contract from Statoil ASA for the Pan Pandora and Katla fields in the Norwegian sector of the North Sea. The contract is valued in excess of US $85 million.
The Subsea 7 work scope includes the design, fabrication and installation of one 11.5km subsea production pipeline and installation of one 11.5km umbilical between the Pan Pandora Template and the Gullfaks C Platform. It also includes the design, fabrication and installation of two 13km pipelines and the installation of one 13km umbilical between the Katla template and the Oseberg Sør Platform; as well as all associated tie-ins, testing and pre-commissioning works.
Peder Sortland, Subsea 7's Vice President - Norway, commented:
"I am delighted that Statoil has chosen Subsea 7 to execute this significant pipelay project. The award further strengthens our proven track record of working with Statoil on major pipelay projects in the Norwegian sector of the North Sea. We look forward to helping to bring both the Pan Pandora and Katla developments on-stream in a safe and timely manner."
Engineering work will commence in November 2010 and will be performed at Subsea 7's office in Stavanger, Norway. Field installation works will commence during the second half of 2011 with pipeline fabrication commencing in early 2012 at Subsea 7's pipeline spoolbase in Vigra, Norway. Offshore pipeline installation and field installation operations are scheduled to commence in first half of 2012 and will be carried out utilising vessels from the Subsea 7 fleet.
The Pan Pandora and Katla fields are located south of the Visund field, in the Norwegian Sector of the North Sea in waters up to 292m depth.
PanPandora:
- Field under development in the North Sea, just south of the Visund field
- To be developed as a satellite field to the Gullfaks C platform
- The volumes of the field are estimated to be around 64 million barrels of oil equivalent, of which one third is oil and two thirds are gas
- The development includes one subsea template and three production wells
- Production is expected to start in 2012
Katla:
- Field under development in the North Sea, 11 kilometres south-west of Oseberg South
- To be developed as a satellite field to be tied back to the Oseberg South platform
- The field volumes are estimated at 40 million boe, of which 60% is oil
- A development proposal covers one subsea template with two production wells and two injection wells
- Expected start-up is late 2012
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 5,500 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 15/11/2010
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