Subsea 7 gets $135 million pipeline contract for Shell's Fram development
BY GUSTAV SANDSTROM
LONDON -- Subsea 7 said it has received a contract worth $135 million from Shell for engineering, procurement, fabrication and installation of a 4.5 km pipeline bundle in the North Sea.
Project management and engineering work will commence immediately. Offshore activities utilising a variety of Subsea 7 vessels are scheduled in 2014. The project is part of Shell's Fram oil and gas development in the Central North Sea.
Dow Jones Newswires