Subsea 7 S.A. awarded $460 million contract in North Sea

abarrelfullabarrelfull wrote on 22 May 2014 07:21
Tags: europe north-sea premier services subsea-7 top uk

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Subsea 7 S.A. (Oslo Børs: SUBC; the Company) has been awarded its largest UK EPIC services contract, valued in excess of $460 million by Premier Oil UK Limited, in support of its Catcher Area Development, located 180km east of Aberdeen in Central North
Sea Block 28/9.

The contract covers the provision of project management, engineering, procurement, construction, fabrication and installation of Catcher’s subsea facilities. The scope includes three pipeline Bundles incorporating Butting BuBi® Mechanically Lined Pipe, a riser system for the Catcher Floating, Production, Storage and Offloading (FPSO) unit, and installation of a 10”, 60 km gas export/import pipeline. Subsea 7’s office in Aberdeen will undertake the engineering and project management scope, with fabrication work to take place at the Company’s Wick and Leith facilities. Offshore activities utilising a number of Subsea 7 vessels will commence in 2015.

Phil Simons, Subsea 7’s Vice President, UK and Canada, said: “We are extremely pleased to be awarded this major EPIC contract, which is of significant importance for both Subsea 7 and Premier.

This demonstrates the versatility, dependability and economic benefit of our Bundle solution to our clients in a mature basin such as the UK Continental Shelf.”

Mike Skitmore, Premier Oil’s UK Business Unit Manager, said: “We are confident that Subsea 7 has the engineering and project management expertise to deliver a timely and robust subsea solution for our Catcher project and look forward to working with them on this development”.

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