The award, which is a call-off under an existing frame agreement with Statoil, will be executed out of Subsea 7's Stavanger office and is valued at approximately 40 million NOK. Subsea 7's workscope includes: detail design, fabrication and installation of riser base, protection structure, Pipeline End Manifold (PLEM) and tie-in spool.
The Visund field is located in block 34/8, about 22 km north of the Gullfaks field on the Norwegian continental shelf. The Visund Floating Production Unit (FPU) was installed on the field in 1998, and oil production started in 1999. The water depth at the work sites ranges form 190m to 335m.
For the work Subsea 7 will utilize a construction vessel from their fleet. The work will be performed in the 3rd quarter of 2005.
Subsea 7's Norway Vice President, Robin Davies commented "We are delighted with this award and look forward to continuing our good relations with Statoil. This award continues to prove our commitment to the North Sea".
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