Acergy S.A. awarded contract in the North Sea

abarrelfullabarrelfull wrote on 05 Nov 2010 07:02
Tags: acergy dana europe netherlands services ul upstream

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Acergy S.A. (NASDAQ-GS: ACGY; Oslo Stock Exchange: ACY) announced today the award of a contract valued at approximately $50 million from Dana Petroleum PLC on the Medway Development Project in the Dutch sector of the North Sea.

This contract is for the tieback of two subsea wells and the associated dedicated flowlines and umbilicals from the Van Nes and Van Ghent fields to the De Ruyter platform. Engineering will commence immediately, with offshore installation due to commence and complete in 2011.

Bruno Chabas, Acergy Chief Operating Officer, said: “We are pleased to have been awarded this contract, which demonstrates the continuing momentum we are seeing in the North Sea. Acergy has a strong track record of tying back new developments to existing infrastructure in a safe and timely manner. This award reflects Acergy's excellent safety record, stringent procedures and practices and our continued commitment to the North Sea.”

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