Subsea 7 Wins BP Work Offshore UK
terms of the five year agreement, i-Tech Services will provide a life of field support vessel complete with work class and observation class remotely operated underwater vehicles (ROV), capable of performing inspection, survey, intervention, light subsea construction and emergency response services.Subsea 7 said the work scope is worth between $150 million and $300 million.Offshore activities began in January 2019 using the company’s vessel, the Normand Subsea. Project management and engineering support will be executed from i-Tech Services' office in Aberdeen, UK.Steve Wisely, i-Tech Services&rsqu
Subsea 7 Wins ‘Sizeable’ Offshore Contract
Subsea 7 S.A. announced today it has been awarded a “sizeable” offshore transportation and installation contract.The subsea engineering, construction and services company said offshore execution for the contract is planned for 2020 and that the deal is worth between $50 million and $150 million, but revealed no further details due to contractual obligations.
Statoil Awards Contract for Subsea 7’s Seven Viking
Subsea 7 S.A. said it has received a contract from Statoil to provide subsea inspection, maintenance and repair (IMR) services on the Norwegian Continental Shelf.Subsea 7 did not specify a dollar amount for the awarded work, but said the contract is worth between $150 million and $300 million.Offshore activities will begin in January 2019 using Subsea 7’s IMR and light construction vessel Seven Viking, built at Norwegian shipyard Ulstein Verft in 2013.The contract involves the provision of a life of field support vessel Seven Viking for five years, with options for extensions. The vessel,
Subsea 7 Awarded Contract Offshore Nigeria
Subsea 7 S.A. announced it was awarded a contract by Mobil Producing Nigeria Unlimited (MPN) for the Production Uplift Pipeline Projects (PUPP) in shallow water, offshore Nigeria. The contract scope includes engineering, construction, transportation, installation and pre-commissioning of 20 kilometres of 24" Corrosion Resistant Alloy (CRA) pipeline between the Idoho Platform and the terminal onshore and of 2 kilometres of 24" CRA pipeline between the Edop and Idoho Platforms, as well as associated topside modifications and tie-ins at both ends. Engineering and procuremen
Subsea 7 Wins Offshore Azerbaijan Deal
Subsea 7 S.A. announced the award of a contract by BP Exploration for the provision of subsea inspection, repair and maintenance (IRM) services on both the Azeri-Chirag-Gunashli (ACG) and Shah Deniz (SD) fields, offshore Azerbaijan. Under the terms of this five year agreement, the scope of work comprises the provision of a Life of Field support vessel complete with work class and observation class ROVs, capable of performing inspection, survey, intervention, light subsea construction, surface diving and emergency response services. The life of field support vessel will be supported by a Baku based
Subsea 7 Bags Offshore Norway Deal
Subsea 7 S.A. announced the award of a contract by Wintershall for the Nova (formerly known as Skarfjell) oil and gas field development. Nova is located in the north-eastern part of the North Sea, 16 kmfrom the Gjøa field, in a water depth of approximately 360m. The Nova field development is a subsea tie-back to the existing Gjøa semi-submersible production facility. The contract award comprises the Engineering Procurement Construction Installation (EPCI) delivery of the pipeline and riser systems, and the transport and installation of subsea production systems and umbilical system.
Subsea 7 Bags Contracts Offshore Norway
Subsea 7 S.A. said it was awarded a contract from Statoil for the Johan Castberg field development, located 240 km from Hammerfest in Norway. The contract comprises the design, coating, fabrication and installation of a 53 km rigid flowline including 34 km of pipe-in-pipe flowline. Project Management and engineering will commence immediately at Subsea 7’s offices in Stavanger, Norway. Fabrication will take place at Subsea 7’s spoolbase at Vigra, Norway and offshore operations will be carried out in 2020. Subsea 7 did not specify the value of the contract, but
Subsea 7 Acquires EMAS Chiyoda Subsea Assets
Subsea 7 S.A. said it has acquires certain businesses of EMAS Chiyoda Subsea (ECS) under a U.S. bankruptcy code Chapter 11 Plan of Reorganization, confirmed by the U.S. Bankruptcy Court for the Southern District of Texas and became effective on June 29, 2017. According to Subsea 7, it will pay less than $100 million in aggregate, including its contribution to the Debtor in Possession credit facility, to acquire the ECS businesses, the Ingleside spoolbase and other assets. “In a challenging business environment our differentiated offering and strong capital discipline has
Subsea 7 Awarded Subsea Work Off Australia
Subsea 7 S.A. said it has been awarded a “sizeable” contract by Cooper Energy Ltd for the Sole Development Project, offshore Australia. Subsea 7 defines a sizeable contract as being between $50 million and $150 million. The Sole gas field is located in the eastern part of the Gippsland Basin, approximately 40km offshore Victoria, Australia. The contract scope consists of the subsea tie-back of the Sole well to the Orbost Gas Plant, including the fabrication and installation of 64km of pipeline, spool and manifold, along with installation of a 64km umbilical and the
Emas Chiyoda Subsea Files for Bankruptcy
Subsea affiliate of Singapore's Ezra files for U.S. bankruptcy A subsea and offshore contractor affiliate of Ezra Holdings Ltd, a struggling Singaporean oilfield services firm, filed for U.S. bankruptcy as it ran short of cash due to a lingering downturn in the oil-and-gas industry. The affiliate, Emas Chiyoda Subsea Ltd, said in court papers filed in Houston that the company was suffering from weak demand for its subsea contracting work and tightening credit conditions. Ezra has said it may have to take a $170 million writedown on the value of its investment in Emas Chiyoda.
Subsea 7 offer for Seaway Heavy Lifting
Subsea 7 S.A. announced that one of its wholly owned subsidiaries has made an offer to acquire the 50% shareholding in Seaway Heavy Lifting Holding Limited currently owned by K&S Baltic Offshore (Cyprus) Limited. The terms of the offer are binding on Subsea 7 until 1 July 2017. During this period the Works Council representing the employees of Seaway Heavy Lifting in the Netherlands will be consulted in compliance with Dutch law. Jean Cahuzac, CEO, said: "Subsea 7's strong market position in offshore energy services is complemented by Seaway Heavy Lifting's expertise in three
Subsea 7 Awarded Norwegian North Sea Contract
Subsea 7 S.A. today announced the award of a sizeable(1) contract by Centrica for the Oda field in the Norwegian North Sea. The Oda oil field (previously called Butch) was discovered in 2011 in the southern part of the Norwegian North Sea, approximately 14 kilometres east of the Ula field. The contract scope comprises Subsea 7's expertise and capabilities in engineering, procurement, construction, installation and commissioning (EPCIC) of subsea umbilicals, risers and flowlines (SURF) including the production pipeline, water injection line, umbilical and related subsea services. Project managemen
Subsea 7 Bags Offshore Egypt Contract
Subsea 7 S.A. announced the award of a contract offshore Egypt by Pharaonic Petroleum Company to be executed at water depths of over 900 metres in the Atoll field. The contract scope includes the engineering, procurement, construction and installation of more than 40 kilometers of rigid pipelines and associated structures for the new Atoll field, tying into the existing Taurt field at a water depth of 100 meters. A 105 kilometer umbilical will also be installed linking the Atoll field to shore. Engineering and procurement services have already commenced. Offshore campaigns will take place in the
Subsea 7 Acquires Swagelining Ltd
Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) today announced the acquisition of Swagelining Limited, the subsea industry’s leading polymer lining technologist, to further expand existing polymer pipeline technology interests. Subsea 7 and Swagelining Limited have cooperated together as a successful partnership, designing and installing in excess of 150km of reeled and bundled polyethylene (PE) lined water injection flowlines in the North Sea, for a number of operators and developments. Thomas Sunde, Subsea 7 VP Technology, commented,
Subsea 7 Announces PLSV Swap off Brazil
Subsea 7 S.A. said it has reached an agreement with Petrobras to substitute a pipelay support vessel (PLSV) working off Brazil. The agreement will see the Subsea-7-owned PLSV Seven Mar swapped in for the chartered PLSV Normand Seven in late June. As a result, Normand Seven will be returned to its owner, Norway-based Solstad Offshore, at the end of its fixed-term charter agreement. Subsea 7 said there are no other significant changes to its contractual terms and conditions with Petrobras.
Subsea 7 Awarded $1bn Wind Farm Offshore UK Deal
Subsea 7 S.A. informed today the details of the major(1) contract award that was first announced on 20 May 2016 . The contract was awarded by Beatrice Offshore Windfarm Limited (BOWL)(2), for the engineering, procurement, construction and installation (EPCI) of the Beatrice wind farm turbine foundations and array cables, offshore Scotland, UK. Located in the Outer Moray Firth, the Beatrice wind turbines will generate 588 Megawatts of power once the wind farm becomes fully operational in 2019. Subsea 7, in alliance with Seaway Heavy Lifting(3), will project manage, design, engineer, fabricate
Subsea 7 Secures EPCI Contract
Subsea 7 S.A. announced it has been awarded an engineering, procurement, construction and installation (EPCI) contract for offshore execution in 2017 and 2018. The company disclosed no further details due to contractual obligations, but said it would announce further details in the near future.