The westernmost peninsula of Eurasia, Europe is bordered by the Arctic Ocean to the north, the Black Sea to the southeast, the Mediterranean Sea to the south and the Atlantic Ocean to the west. The economic and political association of 27 European member states, the European Union (EU) has developed a single market through which a standardized system of laws apply, and under this union, sixteen member states have adopted the euro as its common currency. In 2006, the EU had a gross inland energy consumption of 1,825 million tonnes of oil equivalent, with nuclear energy as the primary source of energy produced in the region. Currently, the EU imports around 82% of its oil and 57% of its natural gas resources.
Heavy Lift describes marine installation of heavy equipment such as topsides and production equipment. There are different methods of heavy lifting used in the oil and gas industry, including heavy lift barges, which uses cranes to move equipment and floatover installation, which uses a semi-submersible vessel to lower itself under water to move the equipment into place. Pipelay involves laying pipe on the ocean floor to connect production platforms to shore. Many different types of vessels can carry out this function, but they require a heavy lift crane.