Subsea 7 awarded offshore contract

Subsea 7 S.A. has been awarded the Gullfaks C Subsea Compression Marine Operations by Statoil. Under the contract, Subsea 7 will provide engineering, installation and commissioning of a 15.5km integrated power service umbilical, a protection structure, a subsea compressor station, pipeline spools and tie-ins.

The contract is valued at approximately $70 million. Engineering and project management will start immediately at Subsea 7’s Stavanger office, with offshore operations due to commence in 2015.

“We are pleased to be awarded this contract by Statoil, and to participate in the delivery of this important subsea processing technology,” said Vice President, Norway, Stuart Fitzgerald. “The award is enabled by our strong engineering and project execution skills, our state of the art vessels, and our continuous focus on executing our work to the highest safety and quality standards. We look forward to supporting Statoil in meeting their project and increased oil recovery objectives on the Gullfaks field.”

 

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