Subsea 7 Wins Work on Langeled Project

Subsea 7 has been awarded from Statoil on behalf of the Langeled Group with Norsk Hydro as operator, for tie-in of the Langeled pipeline to subsea valves and structures. The contract, which was awarded to The Stolt Subsea 7 Joint venture, is valued in the region of $60 million.

The work will be performed under the existing Statoil Hyperbaric Welding and Diving Services Contingency Contract, which has been extended to accommodate this workscope.

The offshore work for the Langeled tie-in project will be performed in three campaigns from the 3rd quarter of 2005 to the 4th quarter of 2006 and in addition to the tie-in of the 1,200 kilometer long Langeled pipeline, the work scope will include the fabrication and tie-in of spools and the removal of temporary riser installation aids.

Robin Davies, North Sea Regional Vice President said, "Subsea 7 is delighted with this award by the Langeled Group which will see us working on the worlds longest subsea export pipeline, in Norway's second largest gas field. This is an exciting project which will demonstrate Subsea 7's many capabilities".