Subsea 7 gets $300 million contract extension with BP in North Sea

10/12/2012

Subsea 7 gets $300 million contract extension with BP in North Sea

BY DOMINIC CHOPPING
 
STAVANGER -- Norwegian seabed-to-surface engineering contractor Subsea 7 said  that BP has extended its contract for subsea construction, inspection, repair and maintenance services for the Foinaven and Schiehallion fields west of the Shetland Islands, in a deal worth $300 million.

The contract extension will run from 2013 until 2017. Under the terms of this contract, the multi-purpose support vessel, Subsea Viking, will provide BP's operations with support services in the Foinaven and Schiehallion fields.

Dow Jones Newswires

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