Subsea 7 S.A. awarded contract offshore Norway

abarrelfullabarrelfull wrote on 03 Jul 2012 11:44
Tags: bg-group europe norway services subsea-7

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Subsea 7 S.A. (Oslo Børs: SUBC) announced today the award of a SURF contract valued at approximately $400 million from BG Norge Limited, for the development of the Knarr field, in the Norwegian Sector of the North Sea.

The contract is for the engineering, procurement, construction and installation of a 4.5 km flowline bundle containing production, water injection and service lines and controls system, a standalone water injection flowline, flexible riser systems, the static and dynamic umbilicals systems, as well as various subsea structures, associated tie-in spools and GRP protection covers and the connection and testing of the complete subsea architecture. In addition, the contract is for the transport and installation of one production and one water injection template, and the associated manifolds and protection structures. Engineering and procurement activities will commence immediately with offshore operations planned from Summer 2013 until Spring 2014.

Stuart Fitzgerald, Vice President, Norway, said: “We are very pleased with the award, which has been enabled by our ability to deliver the full range of technology solutions for subsea SURF projects, as well as by our track record for reliable delivery of large scale EPCI projects. Our unique pipeline bundle technology provides key advantages with respect to in place performance, delivery schedule and installed cost, for certain developments, and these advantages have been fully realized on the Knarr project infield pipeline system. We look forward to working closely with BG to deliver the project safely, and in accordance with their objectives and milestones for the overall field development.”

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