Subsea 7 get EPCI for centrica Grove and Seven Seas Projects
2008.07.21 -
Contracts
Subsea 7 Inc (OSE Symbol: SUB), one of the world`s leading subsea engineering and construction companies, announced today that it has been awarded an engineering, procurement, installation and commissioning (EPIC) contract valued at approx. US $ 70 million by Centrica Resources Limited, a subsidiary of Centrica plc, for the Grove Extension and Seven Seas Development Projects in the Southern North Sea.
The EPIC contract is a tieback of new gas production wells to the existing Grove and West Sole Alpha Platforms via 6` and 8` carbon steel production pipelines and integrated service and control umbilicals.
The work scope includes project management, engineering, procurement, fabrication, installation and pre-commissioning of two 6`
pipelines and one 8` pipeline totalling approx. 13 km in length, three service umbilicals and three piled structures, all associated subsea installation and construction work including trenching and protection of the pipeline and umbilical systems.
Engineering will commence immediately and will be performed at Subsea 7`s Aberdeen offices. Fabrication of the pipelines will be carried out at Subsea 7`s new North Sea pipeline fabrication and spoolbase facility at Vigra, on the west coast of Norway. Offshore operations are due to take place during 2Q and 3Q 2009 and will utilise a number of Subsea 7`s vessels, including the recently acquired Seven Navica.
Robin Davies, Subsea 7`s North Sea Vice-President stated, `This award builds on Subsea 7`s already strong reputation globally as the Subsea Partner of Choice for major EPIC projects. We are delighted that Centrica has chosen Subsea 7 for
this major scope of work in the UKCS.`
Cameron (NYSE: CAM) has signed a three-year worldwide preferred supplier agreement with Schlumberger Integrated Project Management (IPM) for the supply of a wide range of flow equipment products and services. As part of the agreement, Cameron will provide Schlumberger IPM with all surface, subsea, drilling, measurement, compression and downstream equipment on a worldwide basis.
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Helix Energy Solutions (NYSE: HLX) announced today that it has received a Letter of Intent ("LOI") for the installation of the subsea infrastructure for the VIC/P44 Stage 2 Development project in the Otway Basin offshore Australia. Participants in the VIC/P44 permit are Santos Limited (Operator) 50%, Peedamullah Petroleum Pty Ltd (Australian Worldwide Exploration) 25% and Mitsui E&P Australia Pty Ltd. 25%.
Velosi Limited Velosi or the Group, a provider of asset integrity and HSE services to a number of major national and multinational oil and gas companies, is pleased to announce that it has been re-awarded a contract from Mobil Producing Nigeria, for the next three years with an option to extend for a further one year.
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