Subsea 7 Awarded North Sea Contract

Subsea 7 announced Tuesday the award of a contract, valued at approximately $95 million, in the UK Central North Sea with an international oil and gas operator.

The contract scope includes the project management, engineering, procurement, fabrication and installation of a 4.5-mile (7.5-kilometer) pipeline bundle containing an eight-inch production pipeline, six-inch gas lift pipeline and control systems. The pipeline system will tie back a single production well to an existing subsea manifold and platforms.
Engineering and project management will commence from Subsea 7's London office in June 2012, with offshore operations due to commence in 2014.
Steph McNeill, Subsea 7's Vice President, UK and Canada, said: "We are pleased to be awarded this major pipeline project with this client, which builds upon our unique bundle technology. Fabrication will take place at our Wick facility in Scotland, which has a proven track record of successful bundle design, fabrication and installation. We look forward to helping bring on-stream this development project onstream in an efficient, timely and safe manner."

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